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Commodities

Iran Attack Blocked: Oil Prices Plummet Then Surge

Guavy AI Editorial Team
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Oil
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Oil prices plummeted more than 2% on Tuesday evening after U.S. Central Command announced that American forces had blocked an attack from Iran.

The sudden de-escalation in tensions led to a surge in oil futures, with West Texas Intermediate crude rising as trading resumed after the news broke.

Oil prices had settled lower earlier in the day following discussions between Iran and Saudi Arabia about the Strait of Hormuz.

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