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 Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% READ MORE Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst READ MORE Argentina Eyes Economic Stability Through Dollarization: A Comparative Analysis READ MORE Bank of America "Buy Gold Like Central Banks" READ MORE As Borrowing Costs Soar, Equity Becomes the New Frontier for Corporate Finance READ MORE Add a Comment Cancel replyYour email address will not be published.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