Oil Declines on US-Iran Ceasefire Optimism

Oil Declines on US-Iran Ceasefire Optimism

Oil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days. Brent is set for its biggest monthly drop since 2020 on optimism that flows through the Strait of Hormuz may resume. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)

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