WTI crude oil plunged 4% intraday, and Brent crude oil fell 3.48% intraday.

According to Odaily, citing Gate data, WTI crude oil plunged 4% intraday, now trading at $93.14 per barrel. Brent crude oil lost the $97 per barrel mark, falling 3.48% intraday. On the news front, the US and Iran reached a consensus on gradually opening the Strait of Hormuz in exchange for easing the maritime blockade.