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Source:
وكالة الأنباء القطرية
Oil prices hit three-month low
Oil prices dropped significantly after the announcement of a memorandum of understanding between the United States and Iran, aimed at ending the war and reopening the Strait of Hormuz. Brent crude futures fell by $4.16 to reach $83.17 per barrel, while West Texas Intermediate crude declined by $4.13 to $80.75, marking their lowest levels since March of last year. This decline helped to alleviate some of the war-related risks that had accumulated in the market over recent months.
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