US energy stocks tumbled Monday as crude oil prices plunged following a breakthrough US-Iran agreement to end hostilities and stabilize global energy routes. The deal eased fears of Strait of Hormuz disruptions, leading to a sharp decline in oil prices and impacting major energy producers and refiners worldwide.
US energy stocks tumbled Monday as crude oil prices plunged following a breakthrough US-Iran agreement to end hostilities and stabilize global energy routes. The deal eased fears of Strait of Hormuz disruptions, leading to a sharp decline in oil prices and impacting major energy producers and refiners worldwide.
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