Brent crude slipped below $90 after U.S. President Trump said "there is no need
at present" for military action against Iran, sending both Brent and WTI to
their lowest levels since late August. ING analysts said rising expectations of
de‑escalation have removed part of the geopolitical risk premium priced into
oil. Recovering regional oil shipping flows added further downward pressure.
Market uncertainty persists because regional talks remain fragile and energy
infrastructure still faces risk.
