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The Nexus
WORLDJul 28 · 08:36 UTCTHE RIO TIMESIolanda Fonseca

Brent Oil Price Crash Near US$88 on US-Iran Truce

Brent crude prices fell about 10% over two sessions, settling near US$88 a barrel following a US-Iran ceasefire. The United States suspended air strikes on Iran, and Iran indicated it would halt attacks if the pause continues. An oil tanker reportedly exploded in the Strait of Hormuz.

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United StatesplaceIranplaceBrent crudetopicStrait of Hormuzplaceoil tankertopic
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Brent Oil Price Crash Near US$88 on US-Iran Truce · The Nexus