Brent crude drops to $100 on potential US-Iran deal speculation

Brent crude fell to $100 per barrel as speculation over a potential U.S.-Iran deal reduced geopolitical risk in energy markets. The move reflects shifting sentiment around global oil supply expectations, with traders pricing in the possibility of eased tensions between Washington and Tehran. The decline matters because crude prices feed directly into inflation and risk-asset sentiment, including crypto markets. What to watch next is whether the deal materializes and whether oil holds below the $100 level, which could further shape macro conditions across global markets.