Brent Crude Price Plunges Ahead of Fed Decision Amid Eased Tensions

The Brent crude oil price has declined ahead of the Federal Reserve's policy decision, reducing expectations of an interest rate hike. This decrease in oil prices is partly due to the U.S. pausing military operations against Iran and resuming diplomatic talks, which have eased concerns about inflation.

Although markets still expect the Fed to keep rates unchanged, investors are closely watching policymakers' economic projections for clues on future rate moves. A rebound in oil prices could renew inflation risks and influence the Fed's outlook.