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Oil prices collapse today Thursday and lose their gains

June 18, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Oil prices collapse today Thursday and lose their gains

Global oil prices fell by about 3 percent during trading today Thursday, following the official signing between the United States of America and Iran of a temporary agreement that would end the ongoing military confrontation between them and reopen the Strait of Hormuz to international maritime traffic. Brent crude futures fell by 2.99 percent to reach $77.17 per barrel, while West Texas Intermediate crude fell by 3.23 percent to settle at $74.31 per barrel, continuing the clear abandonment of the record gains recorded in trading yesterday Wednesday following threats from President Donald Trump...

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