Oil Prices Plunge Below $100 as Trump Announces Iran Ceasefire ...Middle East

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Oil Prices Plunge Below $100 as Trump Announces Iran Ceasefire
source : OILPRICE ( Middle East ) () 26
Oil prices plunged below $100 in early Asian trading on Wednesday after President Trump announced a conditional two-week ceasefire agreement with Iran. At the time of writing, WTI had dropped by 13.96% to trade at $97.18, while Brent Crude had fallen to $95.05, down 13.01% the day. The dramatic selloff came on the back of Trump committing to a two-week suspension of military operations against Iran if the country immediately restores safe passage through the Strait of Hormuz. “This will be a double sided CEASEFIRE!” Trump said on social…

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