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BRENT Pulls Back toward $94 as US-Iran Peace Hopes Temper Geopolitical Risk

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The Story

News Summary

  • Brent crude retreated toward $94 as US strikes on Iran prompted hopes for renewed peace talks.
  • Despite ongoing Strait of Hormuz disruptions and significant EIA crude inventory draws, the easing of immediate military escalation rhetoric provided a brief cooling effect on energy prices.
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BRENT price history

107.13 +65.02% over the displayed period

Advisor Snapshot

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