Dossier
Center for Strategic & International Studies
Coverage of Center for Strategic & International Studies in the Nexus archive.
- Oil prices plunge following U.S.-Iran ceasefire
Oil prices plummeted following a U.S.-Iran ceasefire agreement, with Brent crude falling 13% to $95 and WTI dropping 14% to $96. The deal hinges on Iran reopening the Strait of Hormuz, a critical oil transit route, amid ongoing market volatility due to Middle East production cuts.