Oil Plummets 11%, Wall Street Retreats Amid Rising Iran-Israel Tensions
Crude oil prices recorded their steepest daily decline since March 2022, while Wall Street retreated after Donald Trump suggested swift conflict resolution as Iran hardened its position.
| Countries | États-Unis, Iran, Israël, Allemagne |
|---|---|
| Companies | Wells Fargo, BlackRock, ING, CME Group |
| Theme | Politique & Géopolitique, Conflit Armé |
The oil market recorded its steepest single-day decline since March 2022 on Tuesday. Brent, the LCOc1 futures contract, fell by $11.16, or 11%, to close at $86.70 per barrel. Light crude West Texas Intermediate (WTI), the CLc1 contract, settled at $83.45 per barrel, down $11.32 or 11.9%. Both benchmarks had reached four-year highs the previous day before Donald Trump's statements reversed the trend.
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