Brent Crude Drops Below $90 as US Plans to Send Diplomats Back to Middle East, Pakistan Mediates with Sanction-Relief Proposal

US-Iran diplomatic easing shows tangible progress: Pakistan conveyed a US framework to Iran, with Washington proposing to lift related sanctions under a memorandum of understanding in exchange for Iran reopening the Strait of Hormuz and ceasing hostile actions against Gulf states; meanwhile, the US plans to restore staffing at embassies in eight Middle Eastern countries. The news pushed Brent crude below $90, with geopolitical premiums rapidly unwinding.