Crude oil prices have gone into freefall on Wednesday, extending yesterday’s losses, as diplomatic measures to secure a U.S.-Iran agreement to end their hostilities move at a brisk pace.WTI Crude Oil for July month delivery was last seen trading down by $5.89 (or 5.66%) at $98.26 per barrel.The U.S.-Iran war entered day number 82 today, leaving the Strait of Hormuz effectively closed. A third of t…
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Market Analysis
Crude Oil Nosedives As Efforts To Settle U.S.-Iran Conflict Gain Momentum
2026-05-20 18:40:50
