STOCKS | Brent Crude Drops More Than 7% as Fed Hike Odds Fall to 30.5%

The U.S. and Iran paused strikes over the Strait of Hormuz, helping ease market pressure and pushing Brent crude down more than 7% to around $87. According to NS3.AI, CME Group's FedWatch tool showed the probability of a Fed rate increase fell to 30.5% from 37.4% at Friday's close. The CoinDesk 20 Index rose 1.6% over 24 hours as risk assets improved.