The Chief of Army Staff of Pakistan has departed for Iran, while WTI and Brent crude oil prices remain on a downward trend
BlockBeats News, May 22nd, according to the Islamic Republic News Agency (IRNA), an Iranian diplomatic source in Islamabad said that the Chief of Army Staff of Pakistan has set off for Iran. Earlier, Saudi media Alhadath also reported that the Chief of Army Staff of Pakistan was heading to Tehran.
Following this news, according to Bitget data, WTI crude oil dropped to $99 per barrel, down 2.37% intraday. Brent crude oil fell over 2.00% intraday, currently trading at $99.96 per barrel.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Industry doubts Democrats’ effort to restart talks on stalled CLARITY Act: ‘It’s all talk!’
Bearish to 159! Ahead of Friday's Bank of Japan decision, Wall Street strategists collectively bet on a weaker yen
The swap market has fully priced in expectations of a Bank of Japan rate hike. Strategists warn that if the central bank's hawkish stance falls short of estimates, it could trigger a sell-off in the yen, with the exchange rate potentially dipping towards the 159 level in the short term.
Iran’s IRGC claims attack on Togolese oil tanker for 'illegal transit' in Strait of Hormuz
RBA's Bullock: At August board meeting, risks to outlook were skewed to the upside
Crypto prices
More
