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Oil prices slide with pause in U.S.-Iran hostilities

Brent crude moved below $90 after Iran said it would suspend attacks while the U.S. maintains its pause, easing immediate risk premiums.

Reported · Written up by our desk · Energy

CNBC Markets reports that oil prices fell as a reported pause in U.S.-Iran hostilities appeared to hold.

Iran’s stance, as described in the coverage, pointed to suspending attacks as long as the United States keeps its pause in place, which reduced near-term geopolitical pressure on crude markets.

The pullback pushed Brent crude below $90, signaling lower expectations for disruption risk from the conflict.

Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%

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