Iran Market Pulse: Friday Morning, 24 July 2026; Brent Crude Crashes Below $90 as the Hormuz Risk Premium Deflates

Friday morning. One big question: why did oil lose about ten dollars overnight? Brent, above ninety-six dollars on Thursday, dropped to around eighty-eight dollars by this morning. The reason is clear: as the Strait of Hormuz calmed and tankers returned, the risk premium left fast. See the path: from about seventy-nine dollars in mid-July, up above ninety-six, and now back to eighty-eight. Why does it matter for us? Oil is both the currency budget and the anchor of the dollar and gold markets. Gold too, after its record near four thousand one hundred fifty dollars, eased to about four thousand twenty-eight. In Tehran, with markets closed, the free dollar held near one hundred ninety-three thousand toman. The top of the crypto market is calm today; Bitcoin held near sixty-five thousand four hundred dollars. One key line today: when a risk premium enters a price, it can leave just as fast. From here, three roads are possible: calm holds, tension returns, or restless indecision. For the week ahead, watch four things: Hormuz, the Fed meeting, Saturday's reopening, and the talks. Today's verdict is clear: this day was written by oil, not by gold or the dollar. So, why did oil crash? The Hormuz premium drained out. Full analysis on Sahmino.com. Will the calm hold?