Oil Slips 3% on Iran Peace Deal Hopes; Brent Near $110
Published 13 h ago9 sourcesEvidence: Reported
Brent crude fell over 4% to below $100/barrel as markets price in potential US-Iran diplomatic progress that could ease supply concerns. The move reflects speculative positioning on possible sanctions relief, though no concrete agreement has been confirmed. This signals a shift in market sentiment toward geopolitical risk premium reduction.
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