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Oil prices drop as Israel agrees to ceasefire proposal
Oil prices drop as Israel agrees to ceasefire proposal
Economy
by  AFP

Oil prices sank 3.5 percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. At around 0830 GMT on Tuesday, Brent was down 3.5 percent at $69.00 per barrel, while the main US crude contract WTI was 3.5 percent lower at $66.10 per barrel.