Oil Retreats to $93 as Iran Invasion Risk Drops to 7% on Polymarket

Oil prices have fallen to $93 per barrel, driven by a sharp reduction in the perceived risk of a U.S. invasion of Iran, now at 7% per Polymarket. Energy analyst Thina Saltvedt attributes the market's relief to this geopolitical de-escalation. The shift suggests a recalibration of risk premiums, though the underlying fragility of supply remains.

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