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Oil Drops as Diplomacy Gains Ground | UK News
Description
Oil prices plunge as U.S.-Iran tensions ease, sparking market optimism — Brent crude dips to $91.68 amid hopes for diplomacy, though military options remain open. Meanwhile, DCC Energy gets a $5.75 billion buyout by KKR and Energy Capital Partners, offering shareholders a 24% premium. On the flip side, Shein posts a $99M Q1 loss after U.S. import duties curb sales, ahead of its Hong Kong IPO. AstraZeneca delivers strong Q2 profits, boosted by cancer drug sales, with EPS up 18% and revenue rising 5%.
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