War Premium Fades: Brent Slips Below $90 After Two Months As Trump's Iran Pivot Triggers Crude Selloff

Brent crude futures fell 3.3%, to $89.3 a barrel on Tuesday, while US West Texas Intermediate crude futures declined 2.6% to settle at $84.1. Crude prices have witnessed massive drop this month, with prices tumbling from the six-month high reached at the end of October.