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Commodities

WTI Oil Price Plunges Amid US-Iran Tensions

Guavy AI Editorial Team
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Oil
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The West Texas Intermediate (WTI) oil price dropped to $90.80 per barrel on Thursday, despite rising tensions between the US and Iran.

Iranian President Masoud Pezeshkian declared at the UN General Assembly that Tehran would not yield to threats and reaffirmed its right to pursue nuclear technology for economic development.

In response to domestic energy concerns, US Energy Secretary Chris Wright announced that the Trump administration is collaborating with domestic refiners to voluntarily reduce US diesel exports.

TD Securities warned that market participants are treating the latest 'deal headlines' with caution and remain skeptical of any deal until there is concrete action.

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