Brent Oil Price Crash Near US$88 on US-Iran Truce

Markets · Energy Key Facts —Price Move Brent crude fell about 10% across two sessions, settling near US$88 a barrel after a US-Iran ceasefire. —Ceasefire Trigger The United States suspended air strikes on Iran, and Iran indicated it would halt attacks if the pause held. —Hormuz Incident An oil tanker reportedly exploded in the Strait…