Brent crude hits lowest level since Iran conflict began
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Oil drops below $75/barrel amid Iran tensions easing
Crude oil fell below $75 per barrel for the first time since Iran conflict escalation began, signaling reduced geopolitical risk premium. Lower oil prices typically weaken commodity-linked currencies like CAD and AUD while supporting USD as a safe haven, affecting USD/CAD, AUD/USD, and energy-correlated pairs.
https://finance.yahoo.com/markets/article/oil-falls-below-75-per-barrel-for-first-time-since-start-of-iran-war-143118748.htmlBrent, WTI crude futures hit lowest levels since February
Crude oil futures have settled at their lowest prices since the Iran conflict began in late February 2026. Brent and WTI declines pressure commodity-linked currencies, particularly the Canadian dollar, Norwegian krone, and Russian ruble, while benefiting USD and other safe-haven currencies as energy costs moderate.
https://x.com/financialjuice/status/2069859178303082599Replies
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