With oil prices plunging after the U.S. and Iran agreed to a two-week ceasefire, gas prices at the pump might soon follow, at least for now.
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Some relief at the gas pump may be on its way, at least for now.
With oil prices plunging Wednesday after the U.S. and Iran agreed to a two-week ceasefire that could allow oil tankers to pass through the Strait of Hormuz, gas prices may start slowly coming down, analysts say. U.S. West Texas Intermediate
crude futures were trading at about $95 mid-day Wednesday, down from nearly $113 a day earlier. Similarly, Brent
crude futures tumbled to about $95 from $109 on Tuesday.
One analyst predicts gas prices at the pump could start falling within 48 hours following news of a two-week ceasefire between…
Despite two-week ceasefire, gas and oil prices may not drop if Iran closes the Strait of Hormuz. What will you see at the gas…
Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
Trump announced the deal not long before a deadline for a Tuesday evening ultimatum for Iran was reached.
Brent crude oil dropped to $93 a barrel after US president’s announcement and Iran’s pledge to reopen strait of Hormuz under its…
A successful Iran-Israel ceasefire would abate concerns over Tehran's crude supplies and the stability of oil transport through…
Oil prices slide, stocks surge as Trump announces two-week Iran ceasefire
