Oil Prices Drop to $85 per Barrel Amid US-Iran Military Truce
Oil prices have continued to decline following a truce in the military conflict between the United States and Iran. Brent crude oil, which had reached $100 per barrel last week, is now trading around $85 per barrel. Meanwhile, West Texas Intermediate (WTI) crude is trading near $79 to $80 per barrel. This decrease in oil prices is expected to impact fuel prices in Israel, which will be announced in the coming days. Initially, there was an anticipated increase of over 30 agorot per liter for 95-octane gasoline, but the price hike may now be moderated due to the recent drop in oil prices.
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