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Originally published by Capital Businessbusiness
June 24, 2025
5mo ago
Oil prices tumble after Israel agrees to Iran ceasefire
JUNE 24 - Oil prices tumbled by nearly 5% on Tuesday after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict. Brent crude, the Kenya breaking news | Kenya news today |..
✨ Key Highlights
On June 24, oil prices fell by nearly 5% following a ceasefire agreement between Israel and Iran, after nearly two weeks of conflict.
- Brent crude oil dropped to $68 a barrel.
- US President Donald Trump confirmed the ceasefire is in effect.
- Concerns had heightened that a blockade of the Strait of Hormuz could disrupt global oil supplies.
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Geo-political Developments Impacting Oil Prices
Oil prices fall as Israel agrees to a ceasefire with Iran, affecting the Middle East flight operations.
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