Oil Prices Have Plummeted

About $4.

Following U.S. President Donald Trump’s announcement of an agreement between the U.S. and Iran and the reopening of the Strait of Hormuz, oil prices fell by approximately $4.

This information is based on statistics from Tradingeconomics.

Thus, on Monday, June 15, the price of oil is holding steady at $80.1. Meanwhile, the price of the benchmark Brent crude is holding steady at $83.1 per barrel.

Overall, prices have fallen by about $4 since the last business day, Friday.

On the night of June 15, U.S. President Donald Trump announced the conclusion of peace agreement with Iran and the opening of the Strait of Hormuz.

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