WS #12880
US-Iran ceasefire holds for third day, Trump optimistic on peace deal, oil prices plunge 7-8% (WTI $82.61, Brent $88.36) as Strait of Hormuz reopening talks progress. Houthis blockade Bab al-Mandab strait, threatening Saudi oil exports and worsening Asia's energy crisis, with potential to push oil prices back above $100.
US-Iran De-escalation Holds, Oil Plunges
US-Iran ceasefire holds for third day, Trump optimistic on peace deal, oil prices plunge 7-8% (WTI $82.61, Brent $88.36) as Strait of Hormuz reopening talks progress.
Houthis blockade Bab al-Mandab strait, threatening Saudi oil exports and worsening Asia's energy crisis, with potential to push oil prices back above $100.