🛢️ OIL SLIDES IN ASIA AS MIDDLE EAST TENSIONS COOL (FOR NOW)
Oil prices slipped in early Asian trade as traders de-risked positions after Iran and the U.S. signaled openness to diplomacy, despite elevated tensions.
Key points:
Short-term easing of geopolitical risk → oil pulls back
Iran reiterates missile strike warnings if Trump orders an attack
Analysts warn Brent could snap back toward $70 if tensions flare again
📉📈 Market angle:
Oil remains headline-driven. Any diplomatic breakdown could quickly reprice energy, inflation expectations, and risk assets — including crypto.
📌 Bottom line:
Diplomacy cools prices temporarily. Geopolitics keeps volatility alive.