Brent crude dips below $86 as US signals restraint on Iran strikes

Oil prices fell to $86 per barrel following reports that US Secretary of State Rubio indicated military strikes against Iran are currently off the table, while maintaining economic sanctions. Market analysts attribute the drop to reduced geopolitical risk premiums.

26 Aug, 16:05 — 26 Aug, 16:05

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zerohedgeLow13h ago

The Great Games Afoot

The Great Games Afoot By Michael Every of Rabobank Brent oil is lower today at $86 on a bundle of news: US Secretary of State Rubio told allies strikes against Iran were off the table --for now -- and sanctions were on it; the US was reported to be returning some diplomats to Middle East embassies withdrawn over security fears; and Iran and Oman said they had discussed a Hormuz temporary corridor and mine-clearing – though Iran reiterated that the strait is still closed and jus...

By Tyler Durden

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Brent crude dips below $86 as US signals restraint on Iran strikes

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The Great Games Afoot

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