21
Apr
Global energy markets saw a sharp pullback on Tuesday as investors cautiously pivoted toward optimism, banking on the possibility that upcoming negotiations could prevent a further escalation of the conflict between the United States and Iran. Brent crude futures dipped roughly 1% to near $94.50 per barrel, while West Texas Intermediate (WTI) saw a steeper decline, falling toward $88 as markets digested the potential for a breakthrough in diplomatic talks. This downward pressure comes as a relief to a global economy strained by weeks of volatility surrounding the Strait of Hormuz, a critical chokepoint that has remained largely constricted, severely…
