Oil Risk Premium Unwinds
WTI and Brent crude prices fall below key thresholds as Middle East supply fears recede and US sanctions relief on Iran widens global oil supply.
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- EVENTWTI crude breaks below $70 as Middle East supply fears recede
Oil prices extend sharp weekly losses as tanker traffic normalizes near Oman, erasing the risk premium from recent shipping disruptions.
- EVENTBrent crude breaks below $75 as Middle East supply fears recede
Oil prices hit their lowest level since the conflict began, driven by fading disruption risks and growing confidence in diplomatic progress.
- EVENTBrent crude slides as US sanctions relief on Iran widens global supply
Washington's decision to broaden exemptions for Iranian oil exports eases supply fears, pressuring benchmark prices after recent volatility.
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