Brent crude plunges 12% overnight
🇺🇸 🇮🇷 The drop follows an unexpected pause in the US-Iran conflict.
After 13 nights of strikes, the US halted operations on July 24. Iran stopped retaliating and says it will hold as long as the pause continues.
Talks are underway. Hormuz remains restricted. Netanyahu meets Trump on July 28. A key meeting that could set the next direction for oil.
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