Iran-US Ceasefire Triggers One of Oil’s Largest Single-Day Crashes in History, Crude Down 20%
Global energy markets were rocked as the announcement of an Iran-US ceasefire triggered one of the largest single-day crashes in oil prices in history. Crude oil futures plummeted by nearly 20%, wiping billions off energy stocks and reshaping the outlook for producers and consumers worldwide. The dramatic fall reflects how geopolitical tensions — and their…