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Financial Mirror28 May 2026

As oil drops below $89, are markets complacent?

As oil drops below $89, are markets complacent?

Crude oil markets are rapidly pricing-in the idea that the worst of the Iran crisis may soon be over, but investors may be moving ahead of reality, Nigel Green, CEO of financial advisory giant deVere Group has warned.

The benchmark West Texas Intermediate dropped below $89 on a Reuters report that Tehran has committed to restore commercial traffic through the Strait of Hormuz to pre-war levels within one month of an agreement with the US....

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