Oil prices collapsed on Wednesday as markets continued to digest reports that the U.S. and Iran were discussing a one-page memorandum designed to pause the conflict and create a framework for broader negotiations. Brent crude was down 8.58%, to trade at $100.4 per barrel on Wednesday at 6:40 a.m. ET, while WTI was down 9.82%, to trade at $92.23. Markets are now effectively betting that Washington cannot sustain an open-ended confrontation with Iran if elevated oil prices continue spilling deeper into consumer prices, credit markets and transportation…
Hence then, the article about oil plummets 9 on reports of deal to end iran war was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oil Plummets 9% on Reports of Deal to End Iran War )