🛢️ OIL PRICES PLUNGE AS IRAN SIGNALS DESIRE TO EASE TENSIONS
– Oil prices dropped over 4% in a single day following a Wall Street Journal report that Iran is seeking to de-escalate tensions with the United States and Israel.
– From its 24-hour peak, oil has now fallen more than 10%, reflecting a sharp reversal in sentiment.
– Markets are beginning to price in the likelihood of a peaceful resolution, with traders scaling back expectations of a prolonged conflict in the region.
This shift in geopolitical tone is having an immediate and significant impact on global energy markets.
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