Oil Drops Below $100 After US-Iran Ceasefire Deal
Brent and WTI Crude Prices Slide as Strait of Hormuz Reopens Oil prices fell sharply on Wednesday after U.S. President Donald Trump announced a two-week ceasefire with Iran, marking a significant de-escalation in tensions that had disrupted global oil markets. The temporary truce requires Iran to allow safe and immediate passage through the Strait of…
