Oil Prices Fall on Reports of Cease-Fire in Lebanon, Resumed Hormuz Shipping

Oil was dropping following multiple reports that Israel had agreed to a ceasefire with the Iranian-backed Hezbollah militia in Lebanon, potentially unlocking U.S.-Iran peace talks.

Dollar Rises to One-Year High, U.S. Markets Closed for Holiday

The dollar gained as investors continued to digest the increased likelihood of higher U.S. rates following Wednesday's Fed meeting.

U.S. Launches Trade Probe Into Germany Over Drug Pricing