Brent Crude oil price: Oil prices plummeted below $100 a barrel following President Trump’s announcement of a two-week ceasefire with Iran, contingent on the safe reopening of the Strait of Hormuz. This development, averting a potential escalation, saw Brent crude fall to $94.43 and WTI to $96.82.
Oil Price Today (August 6): Crude oil dips below $80 on hopes Iran-Oman deal could end Iran war. What are experts saying?
Oil prices experienced a minor decline on Thursday amid advancing negotiations. Market watchers are closely monitoring the prospective US-Iran peace treaty, which could enable access