Oil Drops as Iran Deal Hope Rises

Oil prices plunge to $80 a barrel for the first time since March, fueled by hopeful whispers of a U.S.-Iran deal that could reopen the Strait of Hormuz and restore global oil flow. Brent crude tumbles 3.6%, WTI dips below $76, and Canadian crude falls under $60—after soaring past $120. While not yet sealed, the agreement could ease inflation pressures long-term. Meanwhile, the U.S. Fed meets Wednesday under new leadership, expected to hold rates steady despite pressure for cuts, while the Bank of Canada prepares its own rate call after holding steady at 2.25%. Global markets brace for a volatile mix of energy and monetary policy shifts. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/11c4a808d3f7b7a3