Oil is down, now below $100 pb (opens original article in a new tab)

Oil prices dropped below $100 per barrel as tensions between the US and Iran eased, with global markets stabilizing through reserves despite the closure of the Strait of Hormuz.

• Oil prices fell below $100 per barrel as tensions between the US and Iran eased.
• Global oil markets showed stability through commercial inventories and strategic reserves despite the closure of the Strait of Hormuz.
• Russia's crude oil is trading above $104 per barrel, while other major oil indicators are below $95.