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 Homeownership Hopelessness: Renters Doubt Future Possibilities READ MORE Bullion Takes a Breather: But Gold Stays Above $2,500 READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE Turkish Investors Turn to Gold as Safe Haven READ MORE Economists Anticipate Fed's Shift from Rate Hikes to Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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