Oil drops 6% after attack pause

Oil prices fell by approximately 6% after a temporary halt in Iranian attacks on American facilities, as Iran announced that its strikes would cease as long as the United States committed to refraining from hostile actions. Brent crude oil prices dropped to $90.97, while West Texas Intermediate fell to $83.83, amid expectations that this de-escalation could help stabilize the markets. An Iranian official confirmed that Tehran would reciprocate any escalation, while experts indicated that this pause might reduce risks and influence global economic policies.

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