ceasefire
The two-week ceasefire between the US and Iran has yet to restore normal shipping through the Strait of Hormuz, leaving one of the world’s most critical oil chokepoints largely stalled. Loading audio narration… Traffic remains thin and tightly controlled, with vessels still required to coordinate with Iranian forces to pass,…
Crude futures are tumbling thanks to the US-Iran ceasefire, but don’t expect the price of a tank of gas to plunge overnight. Loading audio narration… West Texas Intermediate futures for May fell about 16% to below $95 a barrel early Wednesday, as investors cheered President Trump’s two-week truce with Iran.Wholesale…
