Stock Track | Santos Limited Plummets 5.08% Intraday as Oil Prices Slide on U.S.-Iran Peace Deal
Stock Track
Jun 15
Santos Limited (STO.AU) shares plummeted 5.08% during intraday trading on Monday, significantly underperforming the broader market.
The sharp decline in Santos shares came as Australian energy stocks hit a two-week low, with the sector falling after news of a U.S.-Iran peace deal sent oil prices to their lowest level since March. Brent crude futures dropped sharply following reports that U.S. and Iranian officials had reached an initial deal to end the war and resume traffic through the Strait of Hormuz.
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