22 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Oil falls after US-Iran tensions ease
Oil prices fell sharply at the close of today, Monday, with Brent crude dropping below $90 per barrel after the United States and Iran halted military strikes that had lasted for two weeks. This suspension caused an 8.7% decline, bringing the price to $88.36, while West Texas Intermediate crude also dropped by 7.5% to $82.61. This reflects an improving outlook for a diplomatic resolution that could reduce escalation and restore navigation through the Strait of Hormuz.
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