Crude oil prices crash after US-Iran ceasefire deal; Brent, WTI oil below $100 a barrel
Crude oil prices crashed after the US and Iran agreed to a two-week ceasefire deal. As a part of the deal, Iran agreed to temporarily reopen the Strait of Hormuz, allowing safe passage of ships.
Brent crude oil price slipped 15.19% to $92.67 a barrel, while the US West Texas Intermediate (WTI) crude futures plunged 15.02% to $96.03 a barrel.
