Lates News

The hope of the market for the de-escalation of the Iran war is encouraging, but it may be too early as tensions remain high and navigation in the Strait of Hormuz is still restricted. Forex.com market analyst Fawad Razaqzada said, "We see crude oil falling, but Brent crude futures remain around $100 per barrel, indicating that the market is not fully convinced yet. Without a more clear timeline - and more importantly, credibility - it is difficult to see oil prices continue to fall below $100."