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Oil Slides 15% on Ceasefire: Oil Bull Market Ends?
After the U.S. and Iran agreed to a two-week ceasefire, Brent crude prices plunged below $100 per barrel. The U.S. and Israel are expected to halt military operations in exchange for Tehran reopening the Strait of Hormuz.
At one point, Brent futures dropped as much as 16% to $91.70 per barrel.
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