Iran ceasefire has brought a sudden fall in oil prices – but this pause underscores the volatility in the market
Even in more peaceful times, oil is considered to be one of the world’s most volatile commodities.
Even in more peaceful times, oil is considered to be one of the world’s most volatile commodities.
Marjorie Taylor Greene and Tucker Carlson, two of the Maga movement’s most prominent figures, have broken with Trump in recent months.
The US-Israeli war against Iran appears to be entering a new cycle of escalation.
And a US blockade of the strait of Hormuz is unlikely to ease the situation.
Oil producers across the Americas have responded to the disruption in the Gulf by increasing output and exports.
Relations between Saudi Arabia and Iran had recently begun to thaw.
The US president has turned on Keir Starmer over the conflict in Iran.
Ayatollah Ali Khamenei’s week-long funeral was transformed into far more than a state ceremony.
Iran’s control of the Strait of Hormuz and Israel’s right to defend itself against Hezbollah’s rocket attacks have boxed the US president into a corner.
It seems highly doubtful that a comprehensive deal can be reached that adheres to Trump’s proclaimed red lines.