A post by @FirstSquawk on X.

Brent crude held losses in Asian trading after slumping almost 6% in the prior session to settle below $93 a barrel, with U.S. oil benchmarks tracking the move. The selloff followed President Trump saying further strikes on Iran would not be necessary while the U.S. remains "locked and loaded," which traders read as a signal the conflict is winding down. The retreat unwinds part of the geopolitical risk premium that had built up in crude prices. Watch whether Brent can hold the $93 level and whether the de-escalation holds, since a resumption of hostilities would likely revive the risk bid.