Oil Plunges 5% as US-Iran Ceasefire Eases Global Energy Fears

Oil prices cratered 5% in early Asian trading Monday after the US and Iran halted attacks over the weekend, pulling Brent crude from above $100 down to roughly $91 per barrel and WTI to around $84. The dramatic retreat came after Washington signaled a temporary pause in its bombing campaign against Iran, with Tehran reciprocating by suspending retaliatory strikes as long as the ceasefire holds. US Ambassador Mike Waltz described the move as "giving diplomacy...