Oil Prices Fall to Three-Month Low Amid US-Iran Agreement Expectations
24 Articles
24 Articles
The US-Iran deal to end the war and reopen the Strait of Hormuz has put strong pressure on oil, driving prices to three-month lows
Brent crude drops to lowest level since March 5 after Trump declares Iran deal complete
Oil prices fell sharply Sunday after President Trump announced that the United States and Iran had reached a peace deal, with the international benchmark Brent crude dropping roughly four percent to below $84 a barrel, its lowest price since March 5. West Texas Intermediate, the U.S. benchmark, slid nearly five percent to below $81 a...
The U.S. stock market rose across the board as the U.S. and Iran successfully reached a peace treaty. International oil prices fell to their lowest level in three months on expectations that the blockade of the Strait of Hormuz would be lifted. Elon Musk's SpaceX, which went public on the 12th, surged more than 19%, reflecting intense investor interest.
ledauphine.com
When the financial markets closed, the price of oil fell by almost 7.5% on Monday, but the impact on pump prices will be delayed for a few days, without any certainty that it will last in the long term.
Motorists should quickly feel the effects at the pump of the next agreement announced between Washington and Tehran. According to the experts, the litre of diesel could fall back around €1.80 in a fortnight.
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