(Il Sole 24 Ore Radiocor) - Milano, 7 mag - Brent futures moved below 100 dollars as easing geopolitical tensions fueled hopes for the potential restoration of traffic through the Strait of Hormuz.

According to reports, a US peace proposal has been delivered to Tehran. While Iran is currently reviewing the memorandum, caution remains high after US president Donald Trump warned that an agreement is not yet guaranteed, noting that military options remain on the table should negotiations falter.

At 0850 GMT, crude oil futures were down 1.79 dollars, or.

1.77%, at 99.48 dollars a barrel.

(RADIOCOR) 07-05-26 10:53:41 (0333) 5 NNNN