Oil prices drop after US-Ira Oil prices drop after US-Iran ceasefire deal
Crude falls below $93 as truce eases supply fearsnternational oil prices fell sharply on Tuesday following the announcement of a two-week ceasefire between the United States and Iran, reducing tensions that had driven energy markets to extreme levels.
The decline followed US President Donald Trump’s confirmation of a temporary halt to military action against the Islamic Republic, after receiving a 10-point proposal from Tehran that he described as “a viable basis for negotiations and de-escalation.” The move came after diplomatic efforts involving Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, who urged Washington to stop the offensive.
US crude dropped 18 percent, falling from above $117 per barrel to below $93 within hours of the announcement. In London, Brent futures declined by 6 percent to $103.40 per barrel. Prices for natural gas and diesel also recorded significant decreases.
The agreement includes the immediate and secure reopening of the Strait of Hormuz, a key route for global energy supply through which around 12 million barrels of oil transit daily. Its closure during the escalation had triggered panic in physical markets, with refineries in Europe and Asia paying close to $150 per barrel amid supply disruptions.
Financial markets reacted to the de-escalation. Dow Jones futures rose by 1,000 points, while the Nasdaq 100 and S&P 500 also posted gains. US Treasury yields declined to 4.24 percent.
Trumpn stated that the delay in military action reflects the achievement of US strategic objectives in the region and pointed to “significant progress” toward a long-term agreement in West Asia.
Iranian media interpreted the suspension of the attack as a result of losses suffered by US forces, reporting the downing of A-10 Thunderbolt II aircraft and Black Hawk helicopters. Authorities in Tehran described the situation as a “historic defeat” for Washington.
The ceasefire temporarily halts hostilities in the Persian Gulf and reduces pressure on global energy markets. The prospect of restoring oil flows through the Strait of Hormuz has shifted expectations from immediate scarcity toward a potential stabilization, reversing the surge in prices seen during the peak of the crisis.
Photo: Oil price movements reflect global response to US-Iran ceasefire.
Excerpt: Oil prices dropped after a US-Iran ceasefire eased supply concerns and reduced pressure on global energy markets.
Tags: oil prices, United States, Iran, ceasefire, energy markets, Strait of Hormuz, global economy, geopoliticsn ceasefire deal
Crude falls below $93 as truce eases supply fearsEgf
International oil prices fell sharply on Tuesday following the announcement of a two-week ceasefire between the United States and Iran, reducing tensions that had driven energy markets to extreme levels.
The decline followed US President Donald Trump’s confirmation of a temporary halt to military action against the Islamic Republic, after receiving a 10-point proposal from Tehran that he described as “a viable basis for negotiations and de-escalation.” The move came after diplomatic efforts involving Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, who urged Washington to stop the offensive.
US crude dropped 18 percent, falling from above $117 per barrel to below $93 within hours of the announcement. In London, Brent futures declined by 6 percent to $103.40 per barrel. Prices for natural gas and diesel also recorded significant decreases.
The agreement includes the immediate and secure reopening of the Strait of Hormuz, a key route for global energy supply through which around 12 million barrels of oil transit daily. Its closure during the escalation had triggered panic in physical markets, with refineries in Europe and Asia paying close to $150 per barrel amid supply disruptions.
Financial markets reacted to the de-escalation. Dow Jones futures rose by 1,000 points, while the Nasdaq 100 and S&P 500 also posted gains. US Treasury yields declined to 4.24 percent.
Trumpn stated that the delay in military action reflects the achievement of US strategic objectives in the region and pointed to “significant progress” toward a long-term agreement in West Asia.
Iranian media interpreted the suspension of the attack as a result of losses suffered by US forces, reporting the downing of A-10 Thunderbolt II aircraft and Black Hawk helicopters. Authorities in Tehran described the situation as a “historic defeat” for Washington.
The ceasefire temporarily halts hostilities in the Persian Gulf and reduces pressure on global energy markets. The prospect of restoring oil flows through the Strait of Hormuz has shifted expectations from immediate scarcity toward a potential stabilization, reversing the surge in prices seen during the peak of the crisis.
Oil price movements reflect global response to US-Iran ceasefire.
Oil prices dropped after a US-Iran ceasefire eased supply concerns and reduced pressure on global energy markets.
oil prices, United States, Iran, ceasefire, energy markets, Strait of Hormuz, global economy, geopolitics
Crude falls below $93 as truce eases supply fears
International oil prices fell sharply on Tuesday following the announcement of a two-week ceasefire between the United States and Iran, reducing tensions that had driven energy markets to extreme levels.
The decline followed US President Donald Trump’s confirmation of a temporary halt to military action against the Islamic Republic, after receiving a 10-point proposal from Tehran that he described as “a viable basis for negotiations and de-escalation.” The move came after diplomatic efforts involving Pakistan’s Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, who urged Washington to stop the offensive.
US crude dropped 18 percent, falling from above $117 per barrel to below $93 within hours of the announcement. In London, Brent futures declined by 6 percent to $103.40 per barrel. Prices for natural gas and diesel also recorded significant decreases.
The agreement includes the immediate and secure reopening of the Strait of Hormuz, a key route for global energy supply through which around 12 million barrels of oil transit daily. Its closure during the escalation had triggered panic in physical markets, with refineries in Europe and Asia paying close to $150 per barrel amid supply disruptions.
Financial markets reacted to the de-escalation. Dow Jones futures rose by 1,000 points, while the Nasdaq 100 and S&P 500 also posted gains. US Treasury yields declined to 4.24 percent.
Trump stated that the delay in military action reflects the achievement of US strategic objectives in the region and pointed to “significant progress” toward a long-term agreement in West Asia.
Iranian media interpreted the suspension of the attack as a result of losses suffered by US forces, reporting the downing of A-10 Thunderbolt II aircraft and Black Hawk helicopters. Authorities in Tehran described the situation as a “historic defeat” for Washington.
The ceasefire temporarily halts hostilities in the Persian Gulf and reduces pressure on global energy markets. The prospect of restoring oil flows through the Strait of Hormuz has shifted expectations from immediate scarcity toward a potential stabilization, reversing the surge in prices seen during the peak of the crisis.
Author: MK
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