Ceasefire Crash: Oil Tumbles 15% As U.S.-Iran Deal Unwinds Global 'Fear Trade'

MarketPulse by OANDA Group718 FollowersFollow5ShareSavePlay(6min)CommentsSummaryA two-week US-Iran ceasefire was reached, immediately unwinding the 'fear trade' that had been building in global markets.Oil prices tumbled dramatically, with US Crude (WTI) falling approximately 15%, easing concerns about 'War Inflation'.The ceasefire is viewed as only a tactical pause; traders are cautioned to remain vigilant as geopolitical headlines could quickly turn sentiment. sasacvetkovic33/E+ via Getty Images By Zain Vawda After weeks of trading on the edge of a precipice, global markets have finally caught a break. In what can only be described as a classic "Trumpian" 11th-hour maneuver, a two-week ceasefire between the US and IranThis article was written byMarketPulse by OANDA Group718 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.