Brent posts largest weekly drop since COVID as Trump softens Iran stance

Brent crude fell 16% last week, the steepest weekly decline since the pandemic onset, following reports that the Trump administration is adopting a more moderate posture toward Iran. The shift suggests reduced risk of supply disruption in the Strait of Hormuz, easing geopolitical premium in oil prices. Market focus now turns to whether this signals a durable de-escalation or a tactical pause.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works