Brent Settles Below $99: US-Iran Ceasefire Extension Calms Market Pace

 Crude prices gave up their early gains today, Wednesday, with Brent crude falling by 0.2% after touching levels near $100 at the start of the session. Financial analysts noted that the announcement of the truce extension by the US administration gave markets a breathing space, shifting focus to the outcomes of the diplomatic track rather than military confrontation. Despite a 3% price surge in the previous session, the positive political atmosphere of 2026 has begun to reflect on the price curve, amid expectations of continued limited volatility until tangible negotiation results emerge.