Oil prices drop over 20% as markets anticipate Iran conflict de-escalation

Oil prices fell more than 20% as markets priced in a de-escalation of the Iran conflict, easing inflation pressure and lifting global equities while reducing the odds of fresh crude highs. The move matters because lower energy costs feed directly into inflation readings and central-bank rate expectations, and the article ties the shift to a broader risk-asset backdrop that includes crypto markets. Watch whether the de-escalation holds and whether crude sustains the decline, since a reversal would revive inflation concerns and could pressure the risk-on tone across stocks and digital assets.