After the ceasefire announcement between Iran and Israel, crude oil prices have dropped significantly in the global market.
Following the ceasefire declaration between Iran and Israel, the price of Brent crude oil in the international market fell by another 3.71%, bringing it down to $68.83 per barrel.
According to reports, the price of WTI (West Texas Intermediate) crude oil in the global market also dropped by 3.88%, bringing it down to $65.85 per barrel.
It is worth noting that just a few hours ago, U.S. President Donald Trump announced the ceasefire between Iran and Israel.
According to Pakistan Standard Time, Iran began implementing the ceasefire at 9:00 AM, and Israel has also reopened its airspace.
In addition, President Trump has appealed to both parties not to violate the ceasefire.
