Oil prices hit a three-month low as the US reportedly allows Iran to sell crude immediately under a conflict resolution deal. Brent futures fell below $80, WTI down 5.9%. Details emerge at the G7 summit in France, though conflicting accounts of the deal persist.
US stocks traded near record levels Tuesday, with the Dow Jones Industrial Average hitting an intraday all-time high. Falling oil prices and optimism over a US-Iran peace deal boosted investor sentiment, while SpaceX shares rallied significantly.
The price of base oil for synthetic motor oil has tripled due to the war in Iran and disruptions in the Middle East. Supply chain issues, including damage to a key Qatari plant and prioritization of diesel fuel, are leading to higher prices and potential shortages for consumers.
Indian stock markets, Sensex and Nifty, rose for the third consecutive session on Tuesday, driven by positive global trends, foreign fund inflows, and easing crude oil prices following a reported US-Iran peace deal. The Sensex closed up 0.71% at 76,808.48 and Nifty 50 rose 0.57% to 23,989.15.
US crude oil futures dropped below $80 a barrel, nearing March lows, following news of a tentative agreement to reopen the Strait of Hormuz. While consumers may see relief at the gas pump within a week, broader price reductions across the economy are not expected immediately due to slower adjustments in groceries and other goods.
Oil prices hit a three-month low as investors await details of a US-Iran agreement to end the Middle East conflict. Brent crude fell below $80, and WTI futures also dropped. The G7 summit in France will discuss the deal, with conflicting reports on its content and timeline.
Oil prices dropped to their lowest in three months as investors await details of a U.S.-Iran agreement to end the Middle East conflict. Brent crude fell below $80/barrel, with WTI also declining. The deal, expected to reopen the Strait of Hormuz, will be discussed at the G7 summit.
Russian newspapers highlight a US-Iran deal to end Middle East conflict, Europe's alleged attempts to derail Ukraine peace talks, declining oil prices, rising global fertilizer demand, and the impact of US national debt on global monetary policy.
Oil prices hit a three-month low as Brent crude futures fell to $82.13 and WTI futures dropped below $80. Investors await details of a U.S.-Iran agreement to end the Middle East conflict, which includes reopening the Strait of Hormuz.
Former National Security Adviser John Bolton told Euronews that Iran skillfully negotiated with then-President Donald Trump, exploiting his focus on lower energy prices over geopolitical implications. Bolton stated Iran "played him like a violin," securing a deal favorable to them.
A potential US-Iran peace deal and the reopening of the Strait of Hormuz could lead to crude oil prices falling below $80 a barrel within weeks, according to Indian refining company executives. The agreement aims to end military conflict and lift US naval blockades, restoring vital shipping routes.
Gold prices may rise short-term as oil eases, but the US Federal Reserve meeting is crucial. A US-Iran deal on the Strait of Hormuz eased oil prices, boosting gold, though geopolitical details remain. India's gold imports fell due to duty hikes.
Oil prices hovered near $80 per barrel as Middle East conflict shows signs of de-escalation. WTI crude traded at $81.12 and Brent at $83.43, up from Monday's near 5% fall. A signed memorandum of understanding aims to end the conflict, potentially reopening the Strait of Hormuz.
A preliminary deal to end the US-Israel war on Iran has caused oil prices to drop to a three-month low, with hopes of the Strait of Hormuz reopening. However, experts predict it could take months, possibly over a year, for global oil inventories to recover and for consumers to see significant relief at the pump.
Global oil prices have fallen to a three-month low and stock markets have reached record highs amid optimism that a US-Iran peace deal could resolve the energy supply crisis. Brent crude dropped 4% to $83 as hopes rise for the reopening of the Strait of Hormuz.
Oil prices dropped significantly following a provisional peace deal between the US and Iran, potentially opening the Strait of Hormuz. Gas prices are expected to decrease, offering relief to US consumers who have faced soaring costs since the war began on February 28.
The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil and gas route, which has been closed since February 2026, impacting global prices and supply.
Treasury yields declined Monday following news of a preliminary peace agreement between the US and Iran. Oil prices also fell sharply. Investors await the Federal Reserve meeting and key economic data.
Oil prices dropped nearly 5% after President Trump announced a completed deal with Iran to reopen the Strait of Hormuz. U.S. crude futures closed at $80.75/barrel, Brent at $83.17. Discrepancies exist regarding tolls and administration post-deal.
Indian refinery executives anticipate oil prices dropping below $80/barrel within weeks if a US-Iran deal is signed Friday, reopening the Strait of Hormuz. This would end hostilities, lift the US naval blockade, and allow Iranian crude back to global markets.
The Reserve Bank of Australia (RBA) board has gained significant breathing room as benchmark oil prices dropped to $US84 a barrel following a truce between Donald Trump and Iran. This development eases inflation concerns and reduces pressure for further interest rate hikes, with economists now anticipating rates to remain on hold this year.
The Reserve Bank of Australia (RBA) has gained significant breathing room for interest rate decisions due to moderating inflation and a cooling economy. A key factor is the de-escalation of the Iran conflict, leading to a drop in oil prices, which eases global inflationary pressures and reduces the need for further rate hikes.
The Reserve Bank of Australia (RBA) has gained crucial breathing room as falling oil prices, following a tentative truce in the Iran conflict, ease inflationary pressures. This allows the RBA to potentially hold interest rates steady, with economists shifting from advocating hikes to suggesting holds or even future cuts.
Oil prices, which fell on Monday, are unlikely to see a significant further decline, with Brent expected to stay above $80 per barrel amid geopolitical uncertainty and potential delays in restoring production.
