Brent Crude Falls to $86, Market Stabilizes Amid Easing Mideast Concerns Oil prices declined as the geopolitical risk premium associated with Middle East tensions began to diminish, with Brent crude sliding to near $86 a barrel after experiencing its most significant drop since early February last week. This trend coincides with a decrease in demand for safe-haven assets like gold. The market has stabilized somewhat after volatile trading last Friday, following Iran’s minimization of Israel’s retaliatory actions to its drone and missile strike. Meanwhile, the U.S. House has recently passed new sanctions targeting Iran’s oil sector, with expectations that the Senate will soon follow suit. Additionally, the U.S. has approved more funding to support Ukraine amidst its ongoing conflict with Russia. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Core Fed Inflation Metric Surpasses Expectations, Rising 2.8% in March READ MORE Fed Expected to Hold Rates Steady READ MORE Barron's: Gold Prices Are About to Shoot Even Higher READ MORE New York Community Bancorp Stock Halted After Big Plunge READ MORE Silver's Potential: Is It Time to Invest Before the Catch-Up? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment