Oil Prices Plummet as Iran War Fears Ease
The price of Brent crude oil has dropped by 2.3% on the New York Stock Exchange, falling to $103.38 per barrel.
This decline follows a recent spike in prices due to concerns about a US war with Iran potentially disrupting Middle Eastern oil exports.
The drop in oil prices has contributed to lower bond yields and eased pressure on stocks, leading to an increase in the S&P 500 by 0.9% today.