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Oil prices fall to two-week low as Israel, Iran agree to ceasefire

newKerala.com Tuesday, 24 June 2025
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Video Credit: Oneindia - Published
News video: World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold

World In PANIC As Oil Surges After U.S Strikes On Iran | Tehran Threatens To Close Hormuz Chokehold 03:05

Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets, with threats to close the Strait of Hormuz looming large. China condemned the attacks, calling U.S....

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Oil Prices Fall To Two-Week Low As Israel, Iran Agree To Ceasefire

Iran had also warned of blocking the Strait of Hormuz through which 20 per cent of the world’s oil is shipped out from countries such as Saudi Arabia and UAE 
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