US EditionGas Prices Hold Steady After Iran Ceasefire Despite Dubious $8/Gallon Warnings in California
MIDDLE EAST, JUN 25 – The ceasefire ended nearly two weeks of conflict, causing oil prices to drop nearly 18% and easing supply disruption fears, benefiting global markets and energy sectors.
- On June 24, 2025, following U.S. military strikes on Iranian nuclear sites the previous weekend, President Donald Trump declared that Israel and Iran had reached an agreement to halt hostilities.
- The ceasefire followed U.S. attacks on Iran's Fordo, Natanz, and Isfahan sites on June 21 and Iran's limited missile retaliation, with diplomatic efforts leading to de-escalation despite initial tensions.
- Markets responded positively as oil prices fell sharply by around 7% to about $66 a barrel, stock indexes rallied globally, and analysts noted the conflict appeared to be winding down.
- Patrick De Haan said prices should fall quickly because of the ceasefire, while Carsten Fritsch stated oil prices could drop further if peace holds; Trump urged keeping oil prices low to avoid aiding the enemy.
- The ceasefire reduced risks to the oil supply through the Strait of Hormuz and eased investor fears, but questions remained about the ceasefire's durability and inflation pressures continued to influence Federal Reserve policy considerations.
80 Articles
80 Articles
U.S. Gas Prices Hit 4-Year Low As Mideast Ceasefire Holds Amid Trump's Energy Push
American consumers are enjoying a summer of significantly lower gasoline prices, with the national average per-gallon price hovering around $3.20. This marks the lowest point for gas prices at this time of year since June 2021, a remarkable development occurring on the heels of President Donald Trump’s announcement of a ceasefire in the protracted conflict […] U.S. Gas Prices Hit 4-Year Low As Mideast Ceasefire Holds Amid Trump’s Energy Push
Israel-Iran ceasefire: AVIC Chengdu share price rises for second straight session. More steam ahead?
Defence and tech sectors led gains for China stocks, which were up for the fourth straight session, as per a Reuters report. Meanwhile, the CSI Defence Index rallied 1.9%, with AVIC Chengdu Aircraft share price gaining over 3% in intraday deals today.
Trump’s ‘Energy Dominance’ Agenda Shields US From Iran Turmoil, Energy Chief Says
Energy Secretary Chris Wright said American consumers are reaping the benefits from the Trump administration’s pro-energy agenda, a fundamental departure from Biden-era policies. Citing the recent conflict between Israel and Iran in the volatile Middle East, Wright noted that “today the price of oil is lower than it was when bullets started flying” on June 13. “That’s just an amazing transformation,” he added. Wright spoke with Breitbart’s Matt …
Fuel price rollback seen next week
MANILA, Philippines — Local pump prices are forecast to go down next week following the perceived easing of tensions in the Middle East due to the US-brokered ceasefire between Israel and Iran, an industry player said on Wednesday. Citing the results of a two-day trading in the Mean of Platts Singapore (MOPS), Jetti Petroleum president
Why gasoline prices aren't tumbling along with sinking oil
Oil futures tumbled again Tuesday on hopes that the shaky ceasefire between Israel and Iran would reduce, if not eliminate, the risk of any significant disruption to global energy markets. Gasoline futures fell, too.
Coverage Details
Bias Distribution
- 39% of the sources are Center
To view factuality data please Upgrade to Premium
