JUST IN: Brent Crude Oil Plunges 10% After U.S. and Iran Halt Military Strikes

Oil prices tumbled sharply after the U.S. and Iran agreed to halt military strikes, easing immediate supply disruption concerns and reducing geopolitical risk across energy markets.

Key points:

• Brent crude fell nearly 10% following the ceasefire announcement.

• The pause in hostilities eased fears of disruptions to Middle East oil supplies.

• Energy markets reacted swiftly as traders unwound the geopolitical risk premium.

• Lower oil prices could help ease inflationary pressures if the de escalation holds.

The sharp move highlights how quickly energy markets can reprice when geopolitical tensions begin to ease.

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