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Commodities

Netanyahu's US Visit Triggers Oil Price Crash Below $80

Guavy AI Editorial Team
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Oil
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Global oil prices plummeted below $80 per barrel just a day after Israeli Prime Minister Benjamin Netanyahu left the Middle East for Washington DC, where he met with Donald Trump.

The sudden decline marks a dramatic reversal from just days ago, when oil prices surged toward $100 as traders feared supply disruptions due to potential conflicts in the region.

However, following reports of US-Iran talks and reduced fears of immediate escalation, investors shifted their focus from risk to hope for de-escalation, leading to a rapid decline in crude prices.

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