Brent crude falls below $90 for first time since August on Iran war de-escalation hopes

AI Summary

Brent crude fell below $90 a barrel for the first time since August as markets reacted to hopes that the Iran conflict could de-escalate. President Donald Trump said the conflict might end soon, although analysts cautioned that a durable peace agreement remains unlikely.

President Trump said Monday he thought the conflict was "going to be ending fairly soon," but some analysts still see little chance of a lasting peace deal.