
Oil prices slide on US-Iran ceasefire deal, raising supply outlook
Oil prices dropped over 2% after Washington and Tehran agreed to a ceasefire, with the deal set to reopen the Strait of Hormuz and lift US sanctions on Iranian crude within 60 days.
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Oil prices dropped over 2% after Washington and Tehran agreed to a ceasefire, with the deal set to reopen the Strait of Hormuz and lift US sanctions on Iranian crude within 60 days.
Prime Minister Anwar Ibrahim is travelling to Russia to meet President Vladimir Putin and secure Malaysia's fuel supply. The visit aims to ensure continuity of oil and diesel imports while addressing regional energy security concerns.