Oil tumbles below US$100 after Trump announces two-week ceasefire
LONDON: Oil fell below US$100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to the immediate and safe reopening of the Strait of Hormuz.
Brent futures fell $15.02, or 13.8%, to $94.25 a barrel at 0805 GMT, while WTI slid $17.43, or 15.4%, to $95.52 a barrel.
……Read full article on The Star Online - Business
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