Brent Oil Falls to $88 on Rumors of a U.S.–Iran Deal
Brent crude has dropped to around $88. Markets are reacting to rumors that the U.S. and Iran have reached an agreement. Oil flows through the Strait of Hormuz have increased again, reinforcing hopes that tensions may be easing.🇺🇸-🇮🇷 Diplomatic hopes are pushing oil prices lower, but geopolitical risks have not completely disappeared.
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