Oil drops after US-Iran ceasefire
Oil prices fell by more than 2%, approaching the $84 per barrel mark, after the U.S. President announced the end of the war and reached an agreement with Iran to open the Strait of Hormuz, alleviating concerns about disruptions to global oil supplies. This decline was driven by expectations of market stabilization and the removal of geopolitical tension risks, while continued monitoring of the implementation of the agreement and the stability of the situation on the ground remains ongoing.
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