Brent crude has fallen below $100 per barrel

Brent Crude Dips Below $100 as US-Iran Talks Gain Traction

Oil prices just took a bit of a breather. On March 25th, Brent crude slipped back below the $100 per barrel mark. The trigger? The US reportedly put forward a 15-point plan aimed at ending the conflict, and mediators are apparently pushing for a meeting between Washington and Tehran later this week.

Saxo Bank analyst Charu Chanana put it this way: "Wars rarely need to end before the market bottoms." Once the odds of further escalation start to fade, she noted, investors tend to jump in.

But here's the catch. Attacks are still happening. The Strait of Hormuz—a critical global shipping lane—remains effectively closed. Iran says only "non-hostile" vessels can pass through. So while the price drop is notable, the situation is far from resolved.