Brent crude drops below $100, first time in two weeks, as Iran conflict risk eases

Brent crude fell below $100 per barrel for the first time in nearly two weeks, ending a streak of ten consecutive days above that level. The decline follows a de-escalation in the Iran conflict stalemate, reducing supply risk premium. This marks a notable reversal from the recent surge, though the sustainability of the move depends on further geopolitical developments.