Brent crude oil futures plummeted to approximately $72 per barrel on Monday morning, effectively erasing the geopolitical risk premium that has gripped energy markets since late February. This price floor reflects a sudden market pivot as Washington and Tehran suspend direct hostilities ahead
West Texas Intermediate crude oil futures plummeted 4 percent to fall below $80 per barrel on Tuesday following the announcement of a memorandum of understanding between Washington and Tehran. This market correction reflects investor anticipation of an immediate influx of Iranian energy exports
NEW YORK — In a major development that could reshape the global economic landscape, crude oil prices plummeted below the psychological $90-per-barrel threshold during early Monday trading. West Texas Intermediate (WTI) fell to $89.42, while Brent Crude followed suit, slipping to $89.85. This