Brent oil price falls as US-Iran tensions grow

TL;DR

Brent crude oil price fell by 0.46% to $109.27 per barrel.
The decrease is attributed to rising geopolitical tensions between the US and Iran.
Markets are cautious due to the volatile situation and potential impact on global energy supply.
The US WTI crude oil price continued to rise, showing a divergence.
President Trump issued an ultimatum to Tehran regarding the Strait of Hormuz.
A slight increase in maritime traffic through the Strait of Hormuz has helped contain the fall in Brent prices.
The energy market faces uncertainty, with geopolitical variables influencing prices more than traditional supply and demand factors.

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