Oil prices still dropped with US President Donald Trump’s announcement of a ‘complete and comprehensive’ ceasefire between Israel and Iran. The crude oil “West Texas” fell, the August delivery by 5.1% to $ 65.02 a barrel in early trade in Asia, in an extension of serious losses in the previous session. With this decline, prices fell below their levels on June 12, that is, a day before the Israeli attack on Iran began. Trump said on the “Truth Social” platform that the two parties agreed to a ceasefire starting in midnight New York, in a move that would reduce the geopolitical risk of crude oil. The Middle East crisis has caused anxiety in the oil markets to see the global oil markets of severe unrest due to the mid -east crisis, amid the fear that the conflict from the region that produces about a third of the global oil would affect. Prices only rose on Monday, but they soon lost their profits, while Israel, Iran and the United States avoided targeting oil -related infrastructure, and Tehran’s refrain to try to close the street of Hormuz. West -texas Intermediate Crude recorded $ 65.67 a barrel at 6:22 pm Singapore time.
Oil still lands with Trump’s fire statement between Iran and Israel
