U.S. oil down 2% as Brent drops below $80

Global oil markets have experienced a decline in prices, with West Texas Intermediate crude dropping by 2% to reach $75 per barrel, and Brent crude decreasing by 1.5% to $78. This decline comes after the announcement of a "roadmap" for de-escalation between the United States and Iran, which includes opening communication channels to ensure navigation security in the Strait of Hormuz. This development boosts investor confidence and eases geopolitical tensions. Despite the decline, markets remain vigilant in monitoring both sides' commitment and its impact on inflation and global oil prices.

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