Brent crude falls below $90 for first time since August on Iran war de-escalation hopes

Brent crude fell below $90 a barrel for the first time since August after President Trump said he expected the Iran conflict to be "ending fairly soon," fueling hopes for a de-escalation. The drop marks a sharp reversal in oil prices, which had climbed on fears of supply disruptions from the war. Analysts remain skeptical, however, cautioning that a lasting peace deal is still unlikely. Traders will watch whether the decline holds or reverses as diplomatic signals develop.