Oil Prices Drop Over 2% Amid U.S.-Iran Hostility Pause
Oil prices fell more than 2% Tuesday as a temporary pause in hostilities between the U.S. and Iran raised hopes for de-escalation, easing concerns over energy supply disruptions. International benchmark Brent crude futures dropped to $86.52 per barrel while West Texas Intermediate (WTI) crude futures declined to $80.71 per barrel. Although Tehran denied agreeing to a 10-day ceasefire with the U.S., reports suggest that reduced U.S. munitions stockpiles are influencing military decisions, leading President Trump to reconsider plans for a
