Brent crude drops below $100, European gas falls on US-Iran diplomacy

Brent crude fell below $100/barrel for the first time in a month, with US crude down 4.43% to $91.85 and European gas futures down 4.59%, as diplomatic efforts to ease US-Iran tensions reduce supply risk premium. The decline signals market pricing of lower geopolitical risk, but sustainability depends on concrete progress in negotiations.

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