Tensions between the US and Iran have eased, resulting in a significant pullback in prices of the two major crude oils on trade.xyz, as traditional markets remain closed.
1 hours ago
According to multiple sources over the weekend, fresh signs of easing tensions have emerged between the U.S. and Iran. U.S. President Donald Trump suspended military operations targeting Iran, while Iran has correspondingly halted retaliatory strikes. Affected by this news, the two benchmark crude oils on trade.xyz have fallen sharply, with Brent crude oil trading at $87.473, a 4.83% drop in 24 hours. As it is the weekend, trading of the two benchmark crude oils on traditional markets is closed, leaving Brent crude oil still at Friday’s level of $93.16.
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