Oil slips more than 5% after US pauses strikes on Iran
Oil prices have tumbled more than 5% as the U.S. and Iran pause military strikes and continue peace talks.
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Oil prices have tumbled more than 5% as the U.S. and Iran pause military strikes and continue peace talks.
Oil prices are surging as renewed US-Iran hostilities and threats to Red Sea shipping routes trigger a return of the geopolitical risk premium.
U.S. gas and diesel prices are rising as market speculation mounts regarding the potential for gasoline to cross the $4 per gallon threshold this month.
US consumer inflation is expected to reflect a slight increase for June, largely influenced by shifts in gasoline prices.
Oil prices have surged past $85 a barrel as escalating military conflict between the U.S. and Iran threatens stability in the Strait of Hormuz.
Consumers face surging fuel costs as refining margins hit record highs, despite a stabilization in crude oil prices.