Oil cools near $100 as Iran peace hopes lift markets
TL;DR Summary
Oil slipped below $100 a barrel as markets priced in a potential US-Iran peace deal, with Brent around $97.43—the lowest in two weeks—though unresolved Hormuz tensions and damaged energy infrastructure keep flows uncertain. Equities rose and gold gained as traders weigh inflation and central‑bank rate expectations, while analysts urge caution about overreacting until a formal agreement and normal flow can be seen.
- Oil prices fall below $100 a barrel on hopes of Iran peace deal The Guardian
- Brent crude rises 2% as U.S. military strikes against Iran cloud Middle East peace prospects CNBC
- UK government borrowing costs fall to lowest since mid-April as markets cling to US-Iran peace deal hopes – business live The Guardian
- Morning Bid: Peace talks hit turbulence Reuters
- Oil prices sink on signs of U.S.-Iran deal Axios
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