The Guardian Australia – Business · business
Oil prices drop 15% to below $100 amid US-Iran ceasefire announcement
5 hours ago
Oil prices fell 15% to below $100 after Trump announced a two-week US-Iran ceasefire. Markets analyst Jim Reid noted investors are relieved by the development but remain cautious about the ceasefire's durability amidst ongoing tensions in the region. Uncertainty remains over whether the ceasefire will impact Israel's actions in Lebanon and lead to lasting peace.
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Summary by Glance · Original reporting by The Guardian Australia – Business
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