Many are wondering what will happen next between the US, Iran and Israel. But oil investors seem to have put those worries behind them, as the price has fallen to levels last seen before Israel attacked Iran.
A barrel of Brent crude is now at $69.39, its lowest price since June 10.
The drop below $70 in April was seen as symbolic, as expectations of a US recession rose after Donald Trump announced country-specific tariffs.
The current price is still well below the $80 average from 2024.
After the US president announced a ceasefire, US stocks rose in after-hours trading.
In Asia, almost all major stock indexes rose.
