Oil slumps to lowest price since US-Iran conflict

AI Summary

Oil prices have dropped sharply to their lowest since the US-Iran conflict due to an interim cease-fire agreement between the two nations improving global crude supply prospects. Brent crude futures declined significantly, reflecting eased supply fears.

•As cease fire deal eases supply fears By Yinka Kolawole,  with agency report   Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply. According to Reuters, Brent crude futures declined by $1.53, […] The post Oil slumps to lowest price since US-Iran conflict appeared first on Vanguard News.