Oil plunges as US pauses Iran strikes; OPEC+ approves output increase (UCO:NYSEARCA)


Oil pumpjacks at sunset with financial charts overlay.

peshkov

  • Crude prices dropped by more than $5 a barrel on Monday as U.S. President Donald Trump refrained from launching new attacks on Iran, aiming instead for a rapid deal to curb Tehran’s nuclear ambitions and restore passage through the Strait of Hormuz.



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