Oil prices fall on reports of US and Iran ceasefire deal
Brent crude futures fell to $94.07 a barrel on Thursday following reports that the U.S. and Iran reached a 60-day ceasefire extension. The agreement includes plans for nuclear program talks but still requires final approval from President Donald Trump.
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Brent Crude Oil prices fell 0.2% to $94.07 a barrel following reports of a potential 60-day ceasefire extension between the United States and Iran. The reversal erased earlier gains of 2% triggered by military escalations in the Persian Gulf. Investors focused on whether a diplomatic thaw will restore stable crude flows through the Strait of Hormuz.
