Live news: Brent Crude slides below $110 as Iran deal hopes grow and Brazil stocks sink
· macro · Sentiment: neutral
Oil prices fell sharply with Brent Crude dropping below $110 per barrel as optimism grows for a revived Iran nuclear deal that could add up to 1 million barrels per day of Iranian supply to global markets. The development eases immediate energy-driven inflation fears that have weighed on risk assets. For Bitcoin, lower oil prices and reduced stagflation risks are broadly positive, supporting a more favorable macro backdrop for risk-on assets.