Brent crude drops to $100 on potential US-Iran deal speculation

Brent crude oil prices have fallen below $100 following speculation regarding a potential US-Iran deal. Diplomatic talks between the two nations have shifted market sentiment by reducing geopolitical risk and altering global supply expectations. This price decline may indicate increased geopolitical stability, which could potentially ease inflationary pressures and significantly impact global energy markets as investors react to the possibility of a diplomatic resolution between the US and Iran.