economy

US oil prices fall over 18% after Trump agrees to ceasefire with Iran

Oil prices plummeted on Tuesday evening and into Wednesday morning as the energy market reacted to news of a ceasefire in the U.S-Israeli war with Iran.

US oil prices fall over 18% after Trump agrees to ceasefire with Iran

TL;DR

  • Oil prices dropped significantly on Tuesday evening and Wednesday morning.
  • The energy market reacted to news of a ceasefire.
  • The ceasefire is related to the U.S.-Israeli war with Iran.