JAKARTA - World oil prices fell sharply by 13-17 percent following the announcement of a two-week ceasefire between the United States and Iran, according to trading data on Wednesday morning.
On Tuesday (7/4) evening, US President Donald Trump announced that he had agreed to a two-week bilateral ceasefire with Iran.
The US president said Iran had also agreed to guarantee the safety of shipping in the Strait of Hormuz.
As reported by ANTARA from Sputnik, at 00.17, the June Brent crude oil futures price fell 12.6 percent from the previous close to 91.92 US dollars (about Rp1.56 million) per barrel.
This marks the first time since March 23 that Brent has fallen below $92. Meanwhile, May WTI crude futures fell 16.6 percent to $94.10.
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