Oil Prices Tumble as Trump Announces Iran-Israel Ceasefire ...Middle East

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Oil Prices Tumble as Trump Announces Iran-Israel Ceasefire
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Oil prices continue to plunge on Monday afternoon following US President Donald Trump's announcement of a tentative ceasefire between Israel and Iran, significantly reducing geopolitical risk premiums. West Texas Intermediate (WTI) crude for August delivery fell as much as 5.1% to $65.02 per barrel during early trading in Asia, marking its lowest level since before the conflict began on June 13. The announcement of a ceasefire, described by Trump on Truth Social as "complete and total," follows intense diplomatic negotiations involving the US,…

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