Markets
Oil plunges below US$100 as hopes rise for Iran talks
News Oil prices have fallen sharply below US$100 a barrel as investors increase bets that the US-Iran conflict could move towards negotiations. Brent crude dropped more than 8% to around US$95 a barrel, while West Texas Intermediate fell towards US$89. The move marks a significant reversal from recent highs above US$100 and has immediately reshaped the outlook across energy-sensitive sectors. Australian oil and gas producers face weaker commodity pricing if the decline persists, while airlines, freight operators and other transport businesses stand to benefit from lower fuel costs. Lower oil prices could also provide some relief to households through petrol...
www.proactiveinvestors.com.au2 min read
