WTI crude oil fell by 14.5% intraday, trading at $80.87 per barrel; Brent crude oil futures also dropped by 13% to $86.09.
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European natural gas prices once fell by 10%, while Europe's benchmark diesel futures plunged by 15% to $997.75 per metric ton. The emerging markets foreign exchange index reversed the decline since the United States and Israel launched the war against Iran. Axios, citing U.S. officials and informed sources, reported that progress had been made in U.S.-Iran negotiations on a three-page memorandum of understanding (MOU) aimed at ending the war. In addition, according to NewsNation, U.S. President Trump stated that Iran agreed to stop uranium enrichment, saying, "Iran agreed to everything." Related articles: The Strait of Hormuz will open, a breakthrough emerges in the nuclear negotiations, the Dow Jones rises over 1%, WTI oil price plunges more than 11%, silver jumps 5%.
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