Oil Prices Drop as Israel and Hamas Agree to Ceasefire ...Middle East

Oil prices fell in early morning trade on Thursday in Asia as Israel and Hamas agreed to a pause in fighting and a hostages-for-prisoners exchange, under a framework advanced by the Trump administration. Under the agreement, Hamas will release as many as 20 living hostages this weekend, and Israel will pull back forces to a negotiated line. The deal represents the most substantial step toward ending the Gaza war to date. Markets responded swiftly. The ceasefire has reduced expectations of a wider regional spillover, particularly fears of disruptions…

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