24 Hrs
Source:
The Guardian
Oil drops as Europe stocks rise after Iran strike cancellation
Oil prices dropped sharply and European stock markets rose after Donald Trump canceled planned strikes on Iran to focus on negotiations for a Middle East peace deal. Brent crude fell 5%, and US West Texas Intermediate declined over $5, amid ongoing tensions and recent tanker attacks in key shipping routes. The move toward talks and easing tensions helped support markets and lowered inflation fears.
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