W&T Offshore Inc is trading 7.3% down at $3.07 today. - The decline follows a significant drop in international oil prices. - Oil prices fell after the U.S. and Iran reportedly signed a ceasefire agreement on June 18, 2026, which is expected to ease geopolitical tensions and potentially increase global oil supply. - W&T Offshore, as an oil and gas producer, is directly impacted by these developments in the crude oil market.