Brent crude falls as Iran talks ease escalation fears
Brent settled 5.85% lower at $92.57 a barrel before extending losses. Shipping incidents near the Strait of Hormuz continue to pose a supply risk.
· Feedsoft Markets Desk
Crude Oil (WTI)Crude Oil (Brent)
TRANSCRIPT
Brent fell 5.85% at settlement. It settled at $92.57 a barrel on Monday, then fell further after settlement.
Talks eased escalation fears. Trump said he was highly unlikely to order fresh attacks on Iran while talks progressed.
Shipping risks remain. Incidents near the Strait of Hormuz continued despite the prospect of restraint.
What feed buyers can watch. Lower crude can ease fuel and freight costs, but shipping disruptions leave supply risk in place.
Read the full analysis: feedsoft.ai/events/90321-oil-down-more-than-7-a-barrel-in-post-settlement-trade-as-trump-signals
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