Brent Flash Crashes $6 Before Rebounding Towards $104

m. -Iran peace negotiations. 77. S. strikes on Iran's Qeshm Island, near the Strait of Hormuz, before reversing sharply Tuesday morning. The first abrupt decline began moments before a Bloomberg-attributed breaking headline announcing that Iran's supreme leader had authorized negotiations on previously non-negotiable issues. But that was a stronger claim than Iranian President Masoud Pezeshkian's statement that the supreme leader had only granted the government additional negotiating authority.

Pezeshkian had not specified which issues might be discussed. Questions subsequently emerged about whether the Bloomberg headline accurately reflected the Iranian statement. m, right around the time of an Al Jazeera report that Washington had approved a draft agreement presented through Qatari mediators.