Brent crude climbs to $93.01 as US-Iran de-escalation hopes fade

Brent crude rose to $93.01 per barrel, driven by diminishing expectations of a US-Iran conflict de-escalation. The price increase reflects persistent geopolitical risk premium in oil markets, with traders reacting to stalled diplomatic efforts. The development signals continued upward pressure on energy prices, which could feed into inflation and affect global growth.

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