Oil prices nosedived nearly 5% after Iran signaled it might halt attacks if the U.S. does the same, sparking hopes for de-escalation. With Brent crude at $92 and WTI at $84.84, the move reflects shifting geopolitical tides and offers a reprieve for markets worried about inflation and Fed policy. U.S. Ambassador Mike Waltz confirmed President Trump’s decision to pause strikes, opening a diplomatic window — a development that’s already rattling commodity markets and reshaping economic expectations.
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