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Oil Prices Plunge 10% as Iran Agrees to Missile Freeze Amid High-Stakes Diplomacy
Stock Market News· 2026-03-23 18:38
Key TakeawaysUS Crude Oil futures plummeted 10.28% to close at $88.13 per barrel, marking a massive $10.10 per barrel single-day decline.Iran has reportedly agreed to a five-year freeze on its missile program, according to Israel's Channel 12, signaling a potential de-escalation in regional hostilities.The Pentagon is weighing the deployment of 3,000 troops from the 82nd Airborne Brigade to support operations in Iran, highlighting continued military readiness despite diplomatic reports.JPMorgan (JPM) launch ...