Price of Brent crude oil fell by about 9 percent to reach $70 per barrel
Singapore: After the ceasefire announcement between Iran and Israel, crude oil prices have fallen sharply in the global market.
After the ceasefire announcement between Iran and Israel, the price of Brent crude oil in the global market fell by about 9 percent to reach $70 per barrel.
According to the report, the price of WTI crude oil in the global market has decreased by 7.22 percent to $68.51 per barrel.
It is pertinent to note that a few hours ago, US President Donald Trump announced a ceasefire between Iran and Israel.
Iran has started implementing the ceasefire from 9:00am according to Pakistan time, and Israel has also opened its airspace.
In addition, US President Trump has also appealed to the parties not to violate the ceasefire.
Kenya’s ‘Saba Saba’ protests turn deadly as death toll surpasses 100
- 6 hours ago
Samar Bilour from KP joins PML-N
- 6 hours ago
Russia fires record 728 drones at Ukraine in massive strike
- 8 hours ago
India’s nuclear gambit: Implications for regional and global stability
- 4 hours ago
Finance ministry initiates non-deal roadshow in China for inaugural Panda Bond
- 4 hours ago
Rupee under pressure as dollar gains in both markets
- 8 hours ago
‘Hothead’ Fognini announces retirement from tennis
- 7 hours ago
Pakistan lost 92,000 lives to terrorism, says Bilawal in strong rebuttal to India
- 6 hours ago
PM Shehbaz meets Turkish delegation, aims for $5bn bilateral trade target
- 7 hours ago
FBR reduces taxes on sugar imports
- 6 hours ago
NEPRA announces power tariff cuts under fuel price adjustment
- 7 hours ago
Two minor girls die after eating suspected poisoned food in Rahim Yar Khan
- 7 hours ago
