Oil Prices Drop as Brent Falls Below $100 After Tensions

Brent crude oil prices have opened lower following two weeks of escalating violence, which had pushed prices to over $100 a barrel. The reduction in military strikes by Iran and the US over the Strait of Hormuz has contributed to this decline. As oil prices are typically sensitive to geopolitical tensions in this region, the current pause may signal a temporary relief for markets. Investors often monitor oil prices closely as they impact global economies and inflation trends.