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Oil prices fall more than 1% on signs that Iran wants to end hostilities with Israel
The run-up in crude futures paused on Monday, with prices falling more than 1% on signs that Iran wants to end hostilities with Israel and resume nuclear talks. U.S. crude oil lost $1.21, or 1.66%, to close at $71.
Oil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’
JPMorgan fears crude oil could hit a high of $130 a barrel, causing U.S. inflation to return to 5% in a worst-case scenario.
Oil Prices Could Climb Higher if Mideast Tensions Escalate
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
Oil Prices Fall. Israel-Iran Strikes Stoke Shipping Fears.
The greatest risk the oil markets face is that Iran retaliates against Israel airstrikes by closing the Strait of Hormuz, which is critical to global energy shipments.
Oil-Price Surge Could Complicate U.S. Inflation Fight
A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage points,
The Mirror US on MSN2d
Former White House official issues six-word warning as oil prices soar
A former White House official issued a chilling ultimatum to Donald Trump's administration as oil prices continue to rise in the US
Most G7 members ready to lower Russian oil price cap without US
Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.
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