Iran vs US: Global crude oil prices drop

Global crude lipid prices dropped contempt the airstrikes’ resurgence betwixt the United States and Iran.

Checks by DAILY POST showed that Brent and West Texas Intermediate crude declined by 2 percent to $76 and $71 per barrel, respectively, astatine the clip of reporting from $77 and $73.

The respite successful planetary lipid prices connected Thursday comes aft US President Donald Trump had earlier announced an extremity to the ceasefire with Iran, which led to a terms spike connected Wednesday.

Recall that connected Wednesday, the Trump-led US launched caller deadly airstrikes against Iran. Thereafter, successful a retaliatory strike, Iran deed US allies Bahrain, Kuwait, and Qatar.

Iran vs US: Global crude lipid prices drop