Oil Plunges to 4-Month Low as US-Iran Dialogue Signals Ease Supply Fears

Brent crude fell to its lowest since July as the U.S. and Iran signaled openness to dialogue, reducing geopolitical risk premium. Commodity advisors cut long positions from 100% to 91% of the session start, reflecting fading bullish conviction. The move suggests market pricing in potential supply normalization, though talks remain preliminary and outcome uncertain.

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