Brent drops to $114.61 as Middle East de-escalation hopes build

Brent crude fell to $114.61 per barrel on Tuesday morning, extending declines as markets price in reduced risk of supply disruption from the Middle East. The move reflects growing expectations of diplomatic progress, though no concrete ceasefire or de-escalation has been confirmed. The drop signals a shift in risk sentiment, with oil prices retreating from recent highs.

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