Yonhap Infomax NewsWTI crude plunged 3.75% to $88.89 per barrel in Asian trading on reports of a U.S. ceasefire proposal to Iran, including a one-month truce and 15 conditions for ending the war, reversing overnight gains from Gulf troop deployment news.
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WTI Plunges Over 4% on Iran Ceasefire Proposal Reports
WTI crude plunged 3.75% to $88.89 per barrel in Asian trading on reports of a U.S. ceasefire proposal to Iran, including a one-month truce and 15 conditions for ending the war, reversing overnight gains from Gulf troop deployment news.