Oil Prices Drop Following U.S.-Iran Ceasefire Agreement
Brent crude fell 2.40% and West Texas Intermediate dropped 2.88% after the U.S. and Iran signed a ceasefire agreement to reopen the Strait of Hormuz, easing fears of supply disruption.
Brent crude fell 2.40% and West Texas Intermediate dropped 2.88% after the U.S. and Iran signed a ceasefire agreement to reopen the Strait of Hormuz, easing fears of supply disruption.