Oil hits three-month low after 5% drop
Oil prices fell by more than 5%, reaching their lowest levels in three months, following the announcement of an agreement between the United States and Iran to halt the war and resume navigation through the Strait of Hormuz. This led to expectations of a reduction in geopolitical risks and a positive impact on energy markets, with West Texas Intermediate reaching $80.35 per barrel and Brent crude at $82.85.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)