Oil Prices
Diplomacy Deflates the 'Iran Premium': Oil Futures Plunge 4% as Geopolitical Tensions Recede
The global energy market experienced a sharp recalibration on Thursday, January 15, 2026, as oil futures tumbled by more than 4% in a single session. The sudden sell-off was triggered by a rapid de-escalation of rhetoric between Washington and Tehran, effectively neutralizing the "geopolitical risk premium" that had