Oil Crashes Below $40: First Time Since Pre-Iran Conflict
Oil prices crash below $40 for first time since before Iran conflict as Strait of Hormuz reopens and demand concerns mount. What this means for gas prices and the economy.
Oil prices crash below $40 for first time since before Iran conflict as Strait of Hormuz reopens and demand concerns mount. What this means for gas prices and the economy.
Iranian oil flows resume through the Strait of Hormuz as central lanes are mined. Tankers face risky northern and southern routes, spiking insurance costs and shaking global oil markets. Analysis from maritime and energy experts.
Oil prices tumble 3% as peace talks pivot to securing the Strait of Hormuz. Brent crude drops to $81 on hopes of guaranteed passage through the world’s most critical energy chokepoint.