Brent Crude Plunges 10% as Trump Halts Iran Strikes Amid 'Constructive Talks'

• Brent crude futures dropped over 10%, nearing $100 per barrel, due to reduced geopolitical risk.
• Trump announced a pause in military strikes against Iranian power plants and energy infrastructure for five days.
• The decision follows "very good and productive conversations" between the US and Iran.
• This move unwinds a "geopolitical risk premium" that had previously driven oil prices higher.
• Oil markets may remain volatile as negotiations continue, with potential for price shifts based on talk outcomes.