Brent crude oil fell below $85 a barrel, a decline attributed to a market reassessment of geopolitical risks.
Price movement
The benchmark crude slipped under the $85 threshold as traders recalibrated their expectations for supply disruptions. The shift reflects a lower risk premium being applied to oil prices.
What drove the reassessment
No single event triggered the drop. Instead, the move came as market participants weighed the likelihood of major outages from ongoing conflicts against other factors. The reassessment suggests that geopolitical risks are now seen as less immediate or less severe than previously assumed.
