Oil Prices Drop Significantly After Ceasefire, Global Markets Rally

Pakistan’s successful diplomacy has begun to have positive effects on the global stage, where signs of improvement in the global economy have become evident following the announcement of a ceasefire between the United States and Iran.

Following the ceasefire, oil prices in the global market have fallen by up to 19%, while the price of Brent crude oil has dropped to $90 per barrel.

On the other hand, stock markets around the world are also seeing a bullish trend, which experts are linking to the end of tensions and the restoration of peace in the region.

It should be noted that Iran has accepted the two-week ceasefire proposal presented by Pakistan, which has also received the approval of the Iranian Supreme Leadership.