Oil prices today: Crude falls below $100 as Trump announces two-week ceasefire with Iran
Oil prices fell sharply on Wednesday with Brent crude and US West Texas Intermediate (WTI) crude both slipping below the $100 per barrel mark after President Donald Trump announced a two-week ceasefire with Iran, subject to the immediate reopening of the Strait of Hormuz.
In the early hours of trade, Brent crude dropped 13.6 per cent to $94.43 per barrel, while WTI plunged over 14.3 per cent to $96.82 per barrel, Reuters reported.
