Oil prices fall sharply amid military tensions with Iran
pre-market1 source ↓written by the desknot a recommendation
- futures dropped
- 16%
- per barrel
- $77
- Brent crude fell
- 17%
- also dipping below
- $80
U.S. crude oil futures dropped over 16%, falling below $77 per barrel, while Brent crude fell 17%, also dipping below $80. This decline follows Defense Secretary Pete Hegseth's remarks about aggressive military actions in Iran, heightening market anxieties. U.S. Energy Secretary Chris Wright's deleted post on oil tanker escorts added to the uncertainty.
Not investment advice. For informational purposes only.