Oil prices have declined following reports of resumed peace talks between the United States and Iran. Brent crude fell below $80 per barrel while WTI slipped under $75, despite escalating tensions in the Middle East and the expansion of the conflict to the Red Sea. Iranian officials have denied direct negotiations with Washington. Prediction markets reflect this cautious outlook, with just a 3% probability of oil reaching a new all-time high by September 30. By year-end, this probability stands at 10.5%, suggesting investors anticipate geopolitical de-escalation.
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