Crude Oil is trading 3.5% down at $86.59 as traders unwind the geopolitical risk premium built up during the recent Iran–Israel flare-up.
- Reports of a halt in strikes and active de-escalation efforts have significantly reduced fears of major supply disruptions, pulling prices back from recent highs.
- The downward move comes despite a broader risk-off sentiment across global markets as investors pivot their attention to upcoming economic indicators.
- Market participants are closely monitoring Federal Reserve policy signals and key macro data for further direction on energy demand.