Oil price falls back on Israel-Iran ceasefire

NAMPA / DPA

2025-06-24

London (PA Media/dpa) - Oil prices have eased back sharply and financial stock markets lifted as fears of major crude supply disruption faded after Iran and Israel agreed to a ceasefire. The cost of Brent oil fell by 4% in morning trading on Tuesday, settling at around $69 a barrel, having jumped to a five-month high on Monday. London's FTSE 100 Index also rebounded higher, up 40.5 points or 0.5% to 8798.5 in early trade following overnight gains......

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