Oil prices dropped to their lowest point since early March on 18 June following the announcement of an interim agreement aimed at ending the US-Iran conflict and reopening the Strait of Hormuz. The deal, which includes provisions to ease sanctions on Iran, prompted market
Brent and WTI crude futures fall nearly 3% after U.S.-Iran deal eases supply concerns and reopens the Strait of Hormuz. Oil prices plunged to their lowest levels since the start of the Iran war after a U.S.-Iran ceasefire agreement improved global supply prospects. Brent c
The national average price for a gallon of regular gasoline fell below $4 on Thursday for the first time since late March, as the United States and Iran signed an agreement to reopen the Strait of Hormuz and end hostilities. According to The New York Times, AAA recorded th
Oil flows may only recover to 70% of pre-war levels Tanker traffic via the Strait of Hormuz may never fully recover due to alternative routes. Oil producers in the Middle East have tapped these routes amid the crisis. The recovery could take a little over a
Saudi Aramco explores selling part of its sulfur business for up to $7 billion as Middle East supply disruptions boost demand. Saudi Aramco is considering a stake sale in its sulfur business, targeting proceeds of up to $7 billion. The move comes as global sulfur supply fa
President Donald Trump said Thursday on Truth Social that Apple (AAPL) will work with Intel (INTC) to develop and produce its chips domestically in the United States. "When I won my Second Term (Third, actually!), it was clear America needed its Semiconductor Industry... w
Prosecutors allege Michelle Bond used funds from a consulting deal with FTX to illegally finance her 2022 congressional campaign. Michelle Bond, spouse of former FTX Digital Markets co-CEO Ryan Salame, faces charges over $400,000 in alleged illegal campaign contributions.
Trump’s Iran deal comments and Fed signals spark volatility in crypto markets ahead of a 60-day negotiation period. Cryptocurrency markets showed signs of instability following mixed signals from Federal Reserve commentary and President Trump’s remarks on Iran. Trump indic
Oil prices decline after US and Iran sign ceasefire agreement The US and Iran have formally signed an agreement to reopen the Strait of Hormuz, putting pressure on oil prices. The speed of change in oil markets has been notable, with the IEA warning of a potential
The agreement includes commitments on Iran’s nuclear program and reopening the Strait of Hormuz, potentially boosting global oil supply. The U.S. and Iran signed a memorandum of understanding aimed at ending hostilities, including provisions to ease restrictions on Iran’s
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