Brent Oil’s $70–120 Iran War Range: What the Collapse Toward $95 Is Telling Markets

Brent Oil fell 8.7% on Wednesday to $94.62, reversing roughly half of its advance from $70.14 to $117.45 as markets removed part of the premium for a return to full-scale confrontation in the Iran conflict. That is not the same as pricing a settlement, and the first major test is the $88.21–93.80 support zone.

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