Oil prices drop as Israel agrees to ceasefire proposal

tuko.co.ke
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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.