The Guardian Business· 1h ago· 2 min read
Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall
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Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the conflict that would further restrict global supply. Brent crude, the international benchmark for oil, fell 9% to below $88 a barrel on Monday morning, after climbing to $100 last week when the Iran-aligned Houthis attacked Saudi Arabian oil tankers in the Red Sea. Continue reading...
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