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🔊 OIL PRICES DROP SHARPLY!
↳ Brent crude has fallen more than 12% this week to around $86 per barrel.
Why The Dump?
↳ Trump has reportedly canceled military strikes on Iran and signaled that a peace deal is in its final stages.
↳ Hopes for easing tensions and a clearer Strait of Hormuz have reduced the geopolitical risk premium.
War risk down = Oil prices down.