Headline: UNCAPTIONED: Oil Prices Drop Nearly 5% After Israel and Iran Agree to Ceasefire
Caption:
Oil Prices Drop Nearly 5% After Israel and Iran Agree to Ceasefire. Oil prices plunged nearly 5% on Tuesday following Israel’s agreement to a ceasefire with Iran, ending nearly two weeks of intense conflict. Brent crude, the global oil benchmark, fell to $68 a barrel, dipping below pre-conflict levels. In recent days, concerns over potential disruptions to global oil supplies had pushed prices up, especially with fears that Iran might block the crucial Strait of Hormuz. The ceasefire announcement, made after US President Donald Trump confirmed its effectiveness also helped global stock markets rise. However, oil prices remain volatile. Priyanka Sachdeva, senior market analyst at Phillip Nova, noted that while the ceasefire may restore stability, the future of oil prices depends on how well Israel and Iran adhere to the truce. Stock markets in the UK, Europe, and Asia saw gains, reflecting investor optimism about the return to stability.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,oil prices,drop,ceasefire,Israel,Iran,war,bombing,agreement,conflict,global oil benchmark,barrel,disruptions,stock market,prices,dropping,pushed up,crucial,strait of hormuz,fears,block
PersonInImage: