Modern.az

US - Iran ceasefire affected oil - Prices fell rapidly

US - Iran ceasefire affected oil - Prices fell rapidly

Economy

Today, 08:55

Brent crude oil futures began to fall rapidly at the start of trading on London's ICE exchange.

Modern.az reports, citing foreign media, that the price of "black gold" immediately fell by 15%, dropping below the psychologically important level of $92 per barrel for the first time since March 11, 2026. This is indicated by trading data.

The decline in prices has already reached 15.35% — Brent traded at $91.16 per barrel.

American WTI oil, another major brand, did not lag behind. Its futures fell by 16.33%, dropping to $94.5 per barrel.

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