A post by @DeItaone on X.

Brent crude futures fell more than $8 per barrel on hopes for progress toward ending the Iran war, according to a tweet from Walter Bloomberg (@DeItaone). The sharp single-session drop signals traders are pricing in de-escalation risk in the Middle East, where supply disruption fears had been supporting a war premium in oil prices. A decline of that magnitude is significant for energy markets, as it compresses margins for crude producers and oil-linked equities while easing inflation pressures that central banks have been monitoring. The move also ripples through refined product markets, with gasoline and diesel likely following crude lower if diplomatic momentum holds. What to watch next: whether diplomatic progress materializes into concrete outcomes, as any breakdown in talks could quickly restore the risk premium and send Brent sharply higher.