Oil Plunge as US Softens Iran Stance, Calm in Hormuz

Crude oil tumbled more than 2.5% on Wednesday as Washington chose economic sanctions over military force against Iran, easing supply-disruption fears that had kept energy markets on edge. For investors holding energy equities or commodity-linked ETFs, the move signals a potential de-risking of the geopolitical premium baked into crude prices over recent sessions – a […]