Home›Commodities›Energy›Oil prices slide with pause in U.S.-Iran hostilities

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 $95.27 ▲3.4%|Brent $100.98 ▼2.0%

More like this

Sources