Oil Markets Price In An Iran Deal That Does Not Exist Yet

Oil Markets Price In An Iran Deal That Does Not Exist Yet Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one. West Texas Intermediate was trading at $75.64 per barrel shortly before 2 p.m. ET, down $4.70, or 5.85%, while Brent had fallen $4.61 to $79.16. Both benchmarks touched three-week lows as hopes rose that an agreement could reopen the Strait of Hormuz. As reported earlier, Treasury Secretary Scott Bessent...

By Tyler Durden