[83173] Sharp drop in global oil prices following reports of an agreement between Iran and the US
[83173] Sharp drop in global oil prices following reports of an agreement between Iran and the US
Reports of a political agreement between Washington and Tehran have led to a plunge in crude oil prices and a rise in US stock market indices.
Plunge in oil prices following reports of an Iran-US agreement
Following the revelation regarding the existence of an agreement between the Islamic Republic and the United States, a sharp drop in oil prices was recorded today in global markets. According to a report by Iran International, known for its critical stance toward the regime in Tehran, the price of a barrel of Brent crude fell by 3.9% to $84, while US crude oil traded down by 4.8% to the level of approximately $81 per barrel.
Iran International notes that experts estimate that "بازگشایی تنگه هرمز و ازسرگیری عبور عادی نفتکشها" (reopening of the Strait of Hormuz and resumption of normal passage of oil tankers) could increase global supply and ease upward pressure on energy prices. At the same time, it was reported that leading US stock market indices, including the Dow Jones, the S&P 500, and the Nasdaq, responded with gains.
Similar data was also published in آخرین خبر آذربایجان شرقی, a local channel in Iran identified with a line that reports events in accordance with the official state narrative. According to a Reuters agency report cited on the channel, "נפט خام برنت با ۳.۵۱ دلار کاهش" (Brent crude oil with a decrease of $3.51) reached a price of $83.82, following "امضای این تفاهمنامه" (the signing of this memorandum of understanding) between the parties. The sources confirm that West Texas Intermediate (WTI) oil prices plunged by 4.63% to the level of $80.95.