Global oil prices dip below $87 a barrel after new Iran ceasefire proposal. Blockade on Saudi by Yemen's Houthis keeps losses in check.
Oil prices took a dive into the red on Monday, reversing an earlier sharp rally, after a report of a 10-day ceasefire proposal between the U.S. and Iran sparked a sharp decline in energy prices
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.
EU to Ease Methane Rules After U.S. Pressure
