Oil Prices Crash 20% After Ceasefire Deal as BTC and Gold Surge

After a few consecutive days of warning shots, the US and Iran reached a two-week cease-fire, which would allow them to negotiate for a permanent peace deal. Financial markets responded immediately to the news, but in opposing ways. While most assets, such as BTC, gold, and stocks, went up, oil, which had rocketed after the war began, dumped hard. Oil Slides Given the significance of the region, oil prices were impac…