US EditionOil prices down after Iran, Israel agree to ceasefire
- On June 24, 2025, President Donald Trump declared that Israel and Iran had reached an agreement to suspend hostilities following a series of intense military exchanges in the Middle East.
- The ceasefire announcement followed U.S. attacks on three Iranian nuclear sites on June 21 and Iran's retaliatory missile strikes on a U.S. airbase in Qatar the next day.
- Markets reacted positively with a 7% drop in global crude prices to around $66 a barrel and notable gains in Asian and U.S. stock indices amid hopes of de-escalation.
- Patrick De Haan of GasBuddy said prices should fall quickly due to the ceasefire, while Trump urged to "KEEP OIL PRICES DOWN," reflecting concern over consumer costs.
- Despite the ceasefire, analysts warn that renewed tensions or closure of the Strait of Hormuz could spike prices again, prompting calls for structural reforms and energy security measures.
48 Articles
48 Articles
Tech stocks power Nasdaq 100 to a record high as markets celebrate the Israel-Iran ceasefire
Bloomberg/Getty ImagesMarkets are cheering the ceasefire between Israel and Iran, even as Trump voices concern.The news is good enough for investors, who have spent the last week fretting over the conflict.The tech-heavy Nasdaq 100 closed at a record high.President Donald Trump appears to still be on edge from the conflict that's unfolded between Israel and Iran. But US stocks have proven eager to test record highs.Investors welcomed Trump's ann…
Oil prices down after Iran, Israel agree to ceasefire
Global oil prices fell sharply on news of a ceasefire that ended, at least for now, the 12-day war between Israel and Iran. Prices at the pump had surged since the United States bombed Iranian nuclear facilities at Israel’s request on Saturday, June 21. American consumers felt the effects of the war even though the United States imports little oil from the Middle East –– and, as of last year, none from Iran. Spike avoided The Brent crude benchma…
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