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The Economic Times — Marketseconomictimes.indiatimes.com

US Stock Market: Energy stocks slide as oil prices tumble on US-Iran peace breakthrough (opens original article in a new tab)

TL;DR

US energy stocks fell as oil prices dropped following a US-Iran agreement to end hostilities and restore stability to global energy routes.

  • US-Iran agreement eased fears of Strait of Hormuz disruptions
  • Crude oil prices fell, causing energy stocks to decline
  • Exxon Mobil and Chevron dropped 6.2% and 4.6% respectively
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