Brent rebounds above $93 as US-Iran war risk re-enters focus

Brent crude for January delivery rose above $93/bbl after a 7% two-day decline, as market attention shifts back to the prospect of conflict between the US and Iran. The rebound suggests traders are repricing geopolitical risk premium, though the magnitude of the move is modest relative to the prior drop. Uncertainty remains over whether diplomatic channels can de-escalate tensions.

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