Brent Crude Slides to Two-Month Low as Markets Bet on Iran Diplomacy
Brent crude fell to about $93.63 a barrel on Thursday, its lowest level in roughly two months, as traders bet on talks between Washington and Tehran rather than renewed strikes. Shipping through the Strait of Hormuz remains restricted, and prices are still well above pre-war levels. For UAE residents, the sharper impact has so far come through freight and insurance costs rather than the pump.