Global oil prices reverse to below $87 a barrel after report of new Iran cease-fire proposal
Oil prices took a dive into the red on Monday morning, reversing an earlier sharp rally, after a report of a 10-day cease-fire proposal between the U.S. and Iran sparked a sharp decline in energy prices despite a fresh barrage of strikes in the Middle East over the weekend.
Why Are Gas Prices Topping $4 When Oil Is Falling?
The market is shrugging off the escalation in fighting between the U.S. and Iran-but Americans could feel the impact at the pump.
BP to Sell Austrian Mobility Business to Volenergy
