Crude Oil is trading 1.4% down at $88.54 as traders unwind the geopolitical risk premium built up during last week’s Iran–Israel flare-up.
- Prices are slipping following reports confirming a halt in strikes and a general easing of regional tensions.
- The move marks a pullback after a recent rally briefly pushed benchmarks toward the high-$90s.
- Market participants are reassessing supply disruption risks as the immediate threat of escalation diminishes.