crude oil

Oil prices drop on reduced Middle East conflict risk

Brent and U.S. crude oil futures experienced a decline on Tuesday, driven by a perceived reduction in the risk of an expanded conflict in the Middle East. This follows Iran’s current stance of not immediately retaliating against Israel for the assassination of a Hamas official in Tehran. As of 12:48 p.m. central time, Brent crude futures had dropped by $1.40,…