Brent Falls to $100 as Traders Bet on a U.S.-Iran Deal

-Iran settlement and discounting the threats around it. m. 23. 90. Both crude benchmarks traded higher early before reversing in a volatile session. President Trump told the Financial Times that Washington has no immediate plans to strike Iran. “We seem to be getting everything we want,” he said. ” A senior Iranian official said Tehran could reopen the Strait of Hormuz within two days if Washington meets its demands, including lifting oil sanctions and releasing frozen assets.

Escalation headlines failed to hold prices up. Trump told Fox News a “heavy hit” on Iran was possible. Iran’s Revolutionary Guard said four tankers were destroyed by mines south of Hormuz, a claim that has not been independently confirmed. ING said markets have increasingly priced in further hostilities.