Oil falls below $75 for the first time since March as Hormuz traffic begins to recover

Oil falls more than 3% after Iran, US signal progress in talks

Iran and the US signaled progress toward a 60-day peace accord with crude export waivers; Brent crude fell 3.4% to $78.68. Energy-cost stabilization and reduced geopolitical supply-chain risk improve infrastructure capex predictability for enterprise IT.