US EditionOil prices down after Iran, Israel agree to ceasefire
- On June 24, President Donald Trump declared that a full ceasefire had been reached between Israel and Iran, bringing an end to the 12-day conflict in the Middle East.
- The ceasefire followed U.S. airstrikes on June 21 targeting Iran's Fordo, Natanz, and Isfahan nuclear sites, and Iran's limited missile strike on a U.S. base in Qatar that caused no casualties.
- Worldwide crude oil prices fell roughly 7% to around $66 per barrel, while major stock indices, including the S&P 500, experienced gains of over 1%.
- Patrick De Haan from GasBuddy said prices should fall quickly as the market sees the conflict winding down, and Trump urged to "KEEP OIL PRICES DOWN" on Truth Social.
- The ceasefire eased fears of further escalation and supply disruptions, boosting markets, though uncertainty remains about whether the truce will hold.
49 Articles
49 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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