Crude oil prices plunge sharply, WTI crude drops from $108/barrel to $103/barrel within 4 hours

Odaily reported that, according to a certain exchange's market data, crude oil experienced a sharp decline, with WTI crude oil dropping from $108 per barrel to $103 per barrel over the past 4 hours.

Earlier reports indicated that Iran submitted a new proposal through Pakistan, with the main focus possibly shifting towards ending the war. According to Axios's global affairs reporter, the United States also presented a revised nuclear agreement list to Iran via a Pakistani mediator.