US-Iran Deal and Tech Sell-Off Drive Oil Lower
A weekly focus highlights the reversal of stagflationary winds as a US-Iran deal pushes Brent oil down to $73 from a high of $120, alongside a tech sell-off in equity markets.
BRENT
The weekly market focus centers on a reversal of stagflationary pressures, driven by two key developments: a potential US-Iran deal and a broad tech sell-off in equities.
Oil prices continue to decline as the US-Iran agreement progresses, with Brent crude falling to around $73 per barrel, down sharply from the $120 peak seen earlier in the cycle.
Meanwhile, technology stocks are under pressure, adding to the risk-off tone in markets. The combination of lower energy costs and equity weakness is reshaping the macro backdrop.
Source: FXStreet Forex News