The oil price fell to a minimum of more than a week after Trump announced the ceasefire between Israel and Iran.
Oil prices were strictly reduced after US President Donald Trump’s statement to achieve a truce between Iran and Israel. It has weakened fears about interruptions in the Middle East – the main region of oil manufacture, Reuters reports.
Brent futures were reduced by 2.9%, to $ 69.40 per barrel. Earlier, the quotes fell over 4%, reaching a minimum since June 11. The WTI fell at a price of 3.0%, up to 66.50 dollars – this is the lowest level from June 9.
“If the agreement is completed, the oil market can return to a normal state,” said Priyanka Sachdeva from Phillip Nova.
As reported, that night US President Donald Trump said that Israel and Iran had joined a Truce, which should occur in 12 hours, after which the war would be considered.
At 7am, the ceasefire between Israel and Iran was said to have begun. However, Tehran launched the sixth wave of missiles in Israel, the letters wrote to Israel.
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Source: korrespondent
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