Global crude oil prices declined by more than five percent during trading on Wednesday, extending recent losses in international energy markets. The decline follows the Iran-US agreement reached in Switzerland, which has eased concerns about supply disruptions. Lower oil prices could affect energy markets, inflation trends, and fuel costs worldwide. During trading, Brent crude fell […]
crude oil prices decline
Oil tumbles after US-Iran agreement
Oil prices fell sharply on Thursday after the United States and Iran approved a deal aimed at ending hostilities. The agreement is expected to restore shipping through the Strait of Hormuz and ease supply concerns. However, global equity markets remained under pressure as investors reacted to a tougher US interest rate outlook. Crude futures dropped […]