Oil prices dropped 5% amid optimism over U.S.-Iran negotiations, pushing Brent crude below $100. Donald Trump confirmed ongoing talks, suggesting Iran's willingness to seek peace and reducing fears of supply disruptions.
- Oil prices fell 5%
- Brent crude dropped below $100 per barrel
- Donald Trump confirmed U.S.-Iran negotiations are underway
- Iran is reported to be willing to reach a peace agreement
- Market sentiment shifted due to reduced supply disruption risks
- VIX index likely affected by changing risk appetite
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