Oil prices fell 3% as tensions between the U.S. and Iran eased following reports of potential diplomatic talks. This de-escalation, combined with OPEC+ maintaining steady output levels, reduced geopolitical risk premiums and lowered both Brent and WTI crude prices from their recent highs.
Curious Minds Corner
Can oil be heavier than water?
Yes — some heavy crude oils and bitumen are denser than water and can sink instead of float.