BBC News – World · world
Oil slides after US and Iran agree to conditional two-week ceasefire
2 hours ago
Oil prices plummeted after the US and Iran agreed to a conditional two-week ceasefire on Tuesday. Benchmark Brent crude fell 15.9% to $92.30 a barrel following the reopening of the key Strait of Hormuz. While energy costs have increased since the February conflict, markets reacted positively with major Asia-Pacific indexes reporting gains.
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Summary by Glance · Original reporting by BBC News – World
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