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Oil Prices Tumble 4% on Iran Peace Optimism
Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal.
Summary
Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in Europe, the international benchmark, Brent Crude, had slipped by 4.34% at $86.36, extending the losses from Thursday when U.S. President Donald Trump called off a strike on Iran, claiming that a deal had been reached.
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