Oil prices fell Monday after President Donald Trump announced an energy ceasefire between Russia and Ukraine. Brent crude lost 1.65% to $102.99 a barrel and U.S. WTI declined 1.92% to $90.09. Russian President Vladimir Putin also committed to supplying over 4 million tons of diesel to the global market under an agreement negotiated with Trump. In the Middle East, Iran reached out to Saudi Arabia following Houthi attacks against the kingdom that killed 12 people and injured over 300 at Riyadh airport.
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