The global oil benchmark fell below $100 a barrel in early trading on March 25 as investor sentiment turned more optimistic about the prospect that a U.S.-led diplomatic effort might bring about an end to the Iran war, which has choked off Gulf oil supplies and driven sharp price swings in energy markets.
Brent crude oil futures were down nearly 5 percent at around the $95 mark at 9:31 a.m. ET, as the Trump administration’s push to end the Middle East conflict diplomatically came into sharper focus and appeared to build steam despite Iranian denials that negotiations were taking place.
President Donald Trump announced on March 24 that the United States was engaged in negotiations with Iran, with the president indicating that White House adviser Jared Kushner and U.S. special envoy to the Middle East Steve Witkoff were involved, along with Vice President JD Vance and Secretary of State Marco Rubio….
Oil Falls Below $100 on Rising Hopes for Iran War Breakthrough
