Brent has dropped below $89. Murban fell over 8% to just above $92.
There's no confirmed trigger. Traders are pointing at two things from the same day:
Iran and Oman announcing a framework to reopen Hormuz, and the CIA director arriving in Moscow.
The market has decided a war is ending. It hasn't specified which one.
Source: GeoPolitics Watch
There's no confirmed trigger. Traders are pointing at two things from the same day:
Iran and Oman announcing a framework to reopen Hormuz, and the CIA director arriving in Moscow.
The market has decided a war is ending. It hasn't specified which one.
Source: GeoPolitics Watch
