Oil slumps to lowest price since US-Iran conflict

AI Summary
Following a U.S.-Iran diplomatic framework addressing the regional conflict and reopening the Strait of Hormuz, crude oil prices declined and U.S. gasoline prices fell below $4 per gallon for the first time in months. Global stock markets responded positively with gains across major exchanges, though energy prices remain considerably elevated from pre-conflict levels.
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•As cease fire deal eases supply fears By Yinka Kolawole, with agency report Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply. According to Reuters, Brent crude futures declined by $1.53, […]
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