Oil prices have declined following the Trump administration’s decision not to impose new sanctions on Iran. This move reduces immediate concerns over supply disruptions, a factor that heavily influences the price of key oil benchmarks such as Brent crude and WTI crude. Market participants have adjusted their expectations for future oil price movements, reflecting a lower probability of crude oil reaching new all-time highs by September 30. This development is consistent with a decrease in geopolitical tensions around Iran, traditionally a driver of oil price increases.
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