Brent Falls to $100 as Traders Bet on a U.S.-Iran Deal

Oil traders are pricing a U.S.-Iran settlement and discounting the threats around it. As of 9:40 a.m. ET on Wednesday, Brent had fallen $3.04, or 2.9%, to $100.60 per barrel, its third straight loss, and WTI had dropped $2.86, or 3%, to $93.23. Murban slipped $1.27 to $100.90. Both crude benchmarks traded higher early before reversing in a volatile session. President Trump told the Financial Times that Washington has no immediate plans to strike Iran. “We seem to be getting everything we want,” he said. Vice President JD Vance said…