Brent crude falls to $80

Oil prices fell by more than 3%, with Brent crude reaching its lowest level since March 2026 at around $80 per barrel. Markets continue to assess the prospects of resuming supply flows through the Strait of Hormuz, weak global demand, and the lack of clear details regarding a possible agreement to end the US-Iran conflict. This decline comes amid concerns that a final agreement could lead to increased oil supply, resulting in a continued wave of selling in global energy markets.

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