Brent crude futures have declined for a fourth straight session, moving closer to the price levels established before the outbreak of the US-Iran war.
The sustained selling pressure reflects a market that is rapidly digesting the return of supply stability following the diplomatic resolution of the conflict.
The benchmark slipped below the US$75 per barrel threshold on Wednesday, marking the first time it has traded at that level since hostilities began.
The benchmark slipped below the US$75 per barrel threshold on Wednesday, marking the first time it has traded at that level since hostilities began.
Thursday’s continuation of the downtrend indicates that the risk premium embedded in energy prices is evaporating as traders adjust to the new geopolitical reality.
The move represents a significant repricing of supply disruption risks that had kept prices elevated for months.
This correction follows a sharp retreat in crude prices after reports emerged that the United States and Iran had reached a peace agreement intended to end nearly four months of conflict.