Iran, Oil
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Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
Oil futures shed more than $10 a barrel to drop below $100 a barrel Tuesday evening in New York after President Trump said on social media that he has agreed to a two-week cease-fire with Iran, which will reopen the Strait of Hormuz.
AUSTIN (Nexstar) — On Monday morning, the price of crude oil futures opened at $115.62/barrel. It was the first time oil had crossed the $100/barrel threshold since mid-2022 — a staggering jump from when the market closed on Friday at $91.27/barrel.
The United Arab Emirates' Fujairah oil-trading hub was struck by drones on Saturday and again on Monday. Oil futures finished sharply lower Monday, with U.S. prices down by more than 5%, as traders continued to weigh developments in the Iran conflict ...
Dow surges and oil prices drop after President Donald Trump halts strikes on Iran's power grid. FOX Business' Jackie DeAngelis weighs in on the news.