Citi sees Brent crude falling to $60 by year-end, saying U.S.-Iran 'conflict fatigue' will keep the truce intact.

Supply worries have further been eased as traffic volume in Strait of Hormuz continues to increase

Brent crude drops below $71 amid US-Iran peace talks progress. New all-time high by September at 4.9% YES.

Citi expects Brent crude to fall to $60 a barrel by year-end as shipping through the Strait of Hormuz normalises and supply concerns ease. The brokerage sees improving oil flows,…