Oil tumbles nearly 6% to $98.30 as Trump sends Iran peace plan, markets rally
A pump jack operates outside of Midland, Texas, US, June 11, 2025.— ReutersUS sends peace plan to Iran, signals of de-escalation emerge.Iran says “non-hostile” vessels can pass through Hormuz.West Texas Intermediate was down 5.01% at $87.72.Brent crude oil, the...
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