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...

By Bloomberg Markets · Bloomberg Markets

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)