Brent oil plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. Futures dropped as much as 16% to $91.70 a barrel.
www.bloomberg.com
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Brent Slumps 16% at Open as US, Iran Agree to Two-Week Ceasefire
