Oil prices today (March 25, 2026): Crude slips below $100 amid ceasefire hopes in Iran; Brent down 6%, WTI at $87
The Middle East crisis has stretched to its fourth week and oil prices have finally shown sign of relaxation, cooling off sharply on Wednesday. Fuel prices fell over 5%, giving back some of the gains from the previous session, as hopes of a possible diplomatic breakthrough in the Middle East raised expectations that supply disruptions might ease.
The slide followed reports that the United States had put forward a 15-point proposal to Iran aimed at ending the ongoing conflict.
