Oil prices fall below $100 a barrel on hopes of Iran peace deal

Oil prices slide below $100 on potential US-Iran peace deal

Brent crude fell 5.1% to $98.22/barrel on US-Iran peace deal speculation, below $100 for the first time this month. A Strait of Hormuz reopening (20%+ of global oil traffic) could ease energy costs and cut infrastructure OPEX for data centers and logistics.