Brent crude fell to lows not seen since the first week of the Iran crisis after Trump said a US‑Iran deal was near. A potential reopening of the Strait of Hormuz could add significant Iranian supply, pressuring global oil prices and affecting energy‑dependent economies. Donald Trump, Iran, international oil markets, energy traders. Further price volatility as negotiations progress, possible policy responses from major producers, and market positioning by investors. The article reports that Brent crude fell to multi‑week lows after former President Donald Trump indicated a breakthrough in US‑Iran negotiations that could reopen the Strait of Hormuz. Markets reacted quickly, pricing in the prospect of increased Iranian oil supply. The move reflects how diplomatic signals can swiftly shift energy pricing.
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