Brenta's price has fallen by more than 13%, below $95, following the US-Iran truce
The price of a barrel of Brent oil has fallen significantly as a result of the two-week truce between the US and Iran, during which a peace agreement will be negotiated in Pakistan on the basis of a ten-point plan presented by Tehran.
The barrel of brent oil to be delivered in June has been reduced this Wednesdayby more than 12% , to $95 in the London futures market, after the United States and Iran agreed to a two-week cease-fire.
In the early morning, after learning that an agreement had been reached when Donald Trump was about to meet the deadline for his ultimatum to Iran, oil has fallen to 16%, reaching a minimum of $91.70.
Like Brent, Texas intermediate oil (WTI) came down sharply this Wednesday before the market officially opened in the United States. He's gone back 14.48 percent to $94.9.
Brenta closed the day before with a 0.46% drop, to $109.27, and the market was awaiting the expiration of the ultimatum set by US President Donald Trump to reopen the Strait of Hormuz.
Faced with this deadline, Trump himself has announced on social media that he has agreed to a two-week ceasefire with Iran, during which a peace agreement will be negotiated in Islamabad, the capital of Pakistan, on the basis of a ten-point plan presented by Tehran.
Trump has assured us that the possibility of a "definitive "peace agreement with Iran is" at a very advanced stage, "and has stated that the reason for this pact is that" all military objectives have been met and exceeded. "
Likewise, Iranian Foreign Minister Abas Araqchi has said that it will be possible to cross the Strait of Hormuz over the next two weeks, following the cessation of the bilateral ceasefire.
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