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Int'l Oil Prices Plunge ~15%, as US & Iran Agree to 2-Week Ceasefire
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The US and Iran agreed to a two-week ceasefire. It was expected that the US and Israel will halt military operations in exchange for Iran reopening the Strait of Hormuz. Spurred by the news, New York oil futures for May delivery plunged more than 16% to USD94.47 per barrel, while Brent oil futures for June delivery slipped more than 15% to USD92.21 per barrel. Auto-translated by AI AASTOCKS Financial News |
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