Oil prices crash 7% to below $100: Can they decline more as US-Iran war shows signs of de-escalation?
US-Iran war: Oil prices declined nearly 7% on Wednesday, March 25, as renewed diplomatic efforts by the US to end the conflict with Iran gathered momentum, outweighing concerns over additional troop deployments and the continued disruption in the Strait of Hormuz.
Brent crude prices dropped as much as 7% to around $97 per barrel, while West Texas Intermediate (WTI) hovered near $87, reflecting easing fears of prolonged supply disruptions amid signs of potential de-escalation.
