Oil Falls to 3-Month Low After Trump's Iran Deal. What It Means for Inflation

Oil Falls to 3-Month Low After Trump's Iran Deal. What It Means for Inflation

The post Oil Falls to 3-Month Low After Trump’s Iran Deal. What It Means for Inflation appeared first on 24/7 Wall St.. BP says Trump-Iran peace framework delivers supply relief with 12.5M barrels flowing to Strait of Hormuz, highest level since conflict began WTI crude has fallen to $84.65/barrel, down 22.3% in a month, while gasoline prices dropped below $4/gallon as the preliminary 60-day deal resets inflation expectations. Sustained crude…

Oil traders revive bearish bets as Iran deal deflates supply fears

Oil traders revive bearish options as crude retreats after the U.S.-Iran peace deal.

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies...

Oil Falls to 3-Month Low After Trump’s Iran Deal. What It Means for Inflation

The post Oil Falls to 3-Month Low After Trump’s Iran Deal. What It Means for Inflation appeared first on 24/7 Wall St.. BP says Trump-Iran peace framework delivers supply relief with 12.5M barrels flowing to Strait of Hormuz, highest level since conflict began WTI crude has fallen to…

Weekly economic and market update – US/Iran peace deal off to a rough start; Aust petrol prices; Fed heading to hikes; more hikes to come from RBA; CGT tax carve outs; the rise of populism in Aust; El Nino; and Galveston

By Dr Shane Oliver, Chief Economist and Head of Investment Strategy at AMP.   Investment markets and key developments The past week saw good news with the US and Iran at last signing a peace deal that will, at least in theory, reopen the Strait of Hormuz. While a deal had already been anticipated its confirmation and reports that sanctions on Iranian oil would be lifted saw oil prices fall further taking them to around $US10 a barrel above where…

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in the peace negotiations between the United States and Iran earlier this week. Morgan Stanley now sees Brent crude averaging $80 per barrel in the last quarter of 2026, and $90 per barrel in the third quarter, Bloomberg reported, citing a note from the bank’s commodity team. Morgan Stanley’s earlier forecast was for an …