Brent Crude Slides 7% at the Open as U.S. and Iran Pause Strikes

Brent's 7% drop on the open signals rapid de-escalation of geopolitical supply-risk premium after the US and Iran reportedly halted strikes. The move pressures energy complex pricing and near-term inflation expectations, while easing risk-off hedging demand tied to Middle East disruption scenarios. Volatility may remain elevated as traders reassess supply security, shipping risks, and the credibility and durability of the ceasefire signal.