Oil price drop and Iran–US deal hopes ease pressure on Reserve Bank – Mark Lister
AI Summary
Oil prices have fallen approximately 25% from last month's peak, easing inflationary pressures and providing relief for the Reserve Bank. Market optimism about a potential Iran-US deal has contributed to the price drop.
OPINION: Oil prices have dropped about 25% from last month's peak.
Politics Markets Commodities Energy oil prices Iran-US deal Reserve Bank market impact energy prices inflation