BRENT.MI is trading 3.9% down today as global crude benchmarks sell off following progress in U.S.–Iran negotiations and a firmer U.S. dollar.
- Brent crude futures broke below approximately $76 per barrel, hitting multi-month lows as geopolitical tensions ease.
- Improved tanker traffic through the Strait of Hormuz and a strengthening dollar have added significant downward pressure on oil-linked ETFs.