Oil prices plunge following U.S.-Iran ceasefire
Why it matters: Oil prices saw their biggest one-day free fall since the 1991 Gulf War.
- Crude oil prices plunged sharply, falling below $100 per barrel.
- President Trump announced a two-week ceasefire agreement between the U.S. and Iran.
- Pakistan proposed and brokered the ceasefire agreement between the two nations.
Oil prices experienced their most significant one-day drop since the 1991 Gulf War, falling below $100 per barrel after President Trump announced a two-week ceasefire agreement between the U.S. and Iran, brokered by Pakistan.
