📉 Global Shockwave: Crude Futures Sink to 3-Month Lows as Peace Deal Nears! 🛢️
Black gold is tumbling! 📉 Crude oil futures have plummeted sharply, with Brent dropping near $77 and WTI sinking to around $74 their lowest levels since early March.
The massive sell-off comes as the U.S. and Iran finalise a monumental peace agreement to end their conflict and fully reopen the crucial Strait of Hormuz shipping lane. With sanctions expected to ease and over 68 million barrels of stranded Iranian crude poised to hit the market, the war-risk premium has completely evaporated. Traders are aggressively pricing in a rapid return of global oil supply!
For a deeper look into how the market reacted on the day of the drop, check out this breakdown on [July WTI Crude Oil futures sinking to their lowest close since March](https://www.youtube.com/watch?v=JTm1NH0aL0I), which details the immediate 5.5% single-day collapse following the geopolitical breakthrough.