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Oil prices dropped sharply by 15% <\/b>after developments in the US, Iran and Middle East,<\/b> with Asian markets jumping.<\/p>\n
Oil prices were down by more than 15% in the early hours of the morning,<\/strong>after US President Donald Trump announcedthat he was extending his ultimatum to Iran, of Tehran’s willingness to negotiate, and ofPakistani Prime Minister Shabaz Sharif’s announcement that a ceasefire “across the board” in the Middle East is taking effect “with immediate effect”<\/strong>, which relieved markets, with stock indexes in Asia taking off in early trading.<\/p>\n As of 03:15 (GMT), the price of West Texas Intermediate (WTI), the US benchmark variety, was down 15.40 percent, at $99.55.<\/strong><\/p>\n That of a barrel of North Sea Brent, a benchmark variety in international markets, was down 15.03 percent, at $92.85.<\/strong> <\/p>\n They thus retreated below the $100 barrier amid euphoria over the prospect of a ceasefire in Iran and the Middle East, where war has raged for more than five weeks. <\/p>\n The Nikkei index on the Tokyo bourse was up sharply (+4%), as was the Kospi in Seoul (+5.94%).<\/p>\n <\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":" Oil prices fall sharply by 15% after developments in the US, Iran and the Middle East, with Asian markets jumping.Oil prices …<\/p>\n","protected":false},"author":1,"featured_media":754,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=753"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/754"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}