Brent fell 5.85% to settle at USD 92.57 on Monday as Trump’s signals against renewed Iran strikes pushed the market to discount escalation risk, breaking the 93.80 Fibonacci level. The US naval blockade remains in place, so the decline is a repricing of strike risk rather than a restoration of supply, and 88.21 is the next test.
The post Brent Oil Breaks Key Support as Trump Holds Off Iran Strikes, 88.21 Comes Into Focus appeared first on ActionForex.
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