💨 Abstract

On Wednesday, oil prices dropped and stock markets rose due to reports of a potential peace plan between the U.S. and Iran, easing concerns over Middle East conflict. Brent crude fell below $100, and European and Asian markets saw gains. However, analysts cautioned that the situation remains uncertain. The International Energy Agency is prepared to release more oil reserves if needed. The European Central Bank is considering options to manage the energy shock.

Courtesy: AFP