Oil prices experienced a significant decline on Thursday, reaching their lowest levels since the onset of the US-Iran conflict. The drop was attributed to an interim agreement between the United States and Iran, which alleviated concerns regarding global crude supply disruptions. Brent crude futures fell by $1.53, representing a 1.9 percent decrease, settling at $78.02 per barrel, as reported by Reuters. This development reflects a shift in market sentiment following the ceasefire deal.
Related Articles
Don't miss out on breaking stories and in-depth articles.