Iran-US ceasefire: oil and gas prices plummet
A ceasefire agreement between the United States and Iran was announced, reducing the risk of military escalation in the Middle East.
Published 14sem4 sources✓ ConfirmedImportantupdated 13sem
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The fact
Oil prices fell below $100 per barrel and European natural gas dropped nearly 20% at market opening.
This geopolitical relief immediately reduced the risk premiums embedded in energy prices.
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