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Commodities

Shooting in Seattle and Oil Price Slump Offset by Hopes of US-Iran Ceasefire

Guavy AI Editorial Team
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A shooting at the Seattle Centre in Washington State's largest city has left at least four people injured, including a child. The incident occurred during the Bite of Seattle food festival on Sunday evening.

Crude oil prices plummeted by over five percent in early Asian trading on Monday after the US and Iran paused their strikes for a while, cooling regional tensions. Brent crude briefly dropped below $90 per barrel before recovering some losses.

The pause in US-Iran strikes has led to hopes of a potential ceasefire and subsequently lower oil prices, causing Dow and Nasdaq futures to rally ahead of trading on Monday.

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