Global oil prices fell sharply below 100 dollars per barrel as markets reacted to reports of a possible US-Iran agreement. The decline reflects growing expectations of reduced geopolitical risk in the Middle East. Investors responded to signs of easing tensions between the two countries. Brent crude oil dropped by around 7 percent, bringing prices close […]
oil prices fall 2026
Oil prices fall after Hormuz reopening
Global oil prices fell sharply after Iran announced the reopening of the Strait of Hormuz for commercial shipping during the ceasefire period. The development is significant as the strait is a key route for global energy supplies. The news triggered immediate reactions in international energy markets. Brent crude prices dropped by more than 11 percent […]