Iran peace talks progress sends oil below $100, boosting Australian markets
Brent crude oil fell below $US100 a barrel on May 25 following progress in US–Iran peace negotiations, per ABC News Australia. Australia's ASX 200 index rose 0.4 percent, with resources stocks leading gains. The oil price decline reflects market confidence in reduced geopolitical tension in the Middle East, a major global energy supplier. US crude prices typically follow Brent benchmarks, potentially affecting American gas prices and energy costs.

















































