Gas Prices Set for Double-Digit Jump This Week, Analyst Says
An analyst expects national pump prices to reach $4.20 to $4.35 a gallon as tensions over the Iran war keep oil markets on edge.
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9 Articles
Oil prices seesaw, gas creeps further past $4 per gallon amid Iran war uncertainty
Oil prices seesawed Monday morning as the next stage of the Iran war remained unclear -- with President Trump threatening heavy attacks but reports indicating regional mediators are working on a 45-day ceasefire.
Oil prices skyrocketed again this weekend, reflecting growing global uncertainty over the course of the U.S. war with Iran.Read more
The New York Stock Exchange began Monday's session with mixed tone, pending talks on Iran and a possible 45-day ceasefire that could reduce energy tension and upset the balance between exchanges, currencies and raw materials.
FINANCES.— Global markets began the week cautiously, with oil rising and actions showing mixed behaviors, after U.S. President Donald Trump warned that he would unleash the “hell” on Iran if he did not reopen the Strait of Ormuz before his deadline. The crude immediately reacted to the risk of disruptions in the supply. Brent rose to $1.2% to $110.29 per barrel, but then moderated profits. The threat of attacks on key infrastructure — including …
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