Oil prices fell on Monday as President Trump's decision to pause strikes on Iran fueled hopes for diplomacy. Meanwhile, top tech stocks including Amazon and Meta are preparing for the release of their new earnings reports. Yahoo Finance reporter Brooke DiPalma joins CBS News to discuss.
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NEW YORK (AP) — Oil prices eased in early trading Sunday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf for a second straight day.
NEW YORK — Oil prices eased in early trading Sunday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf for a second straight day.
Oil prices plunged by more than 5% in early Asian trade on Monday as the U.S. and Iran halted attacks after two weeks of escalation that had driven Brent above $100. At the time of writing, WTI crude was trading at $84.47, down 5.39%, while Brent crude had fallen to $91.80, a decline of 5.15%.
Oil prices fell on Monday amid a pause in strikes between the US and Iran boosted hopes for a return to a ceasefire and new talks on reopening the Strait of Hormuz. The United States held fire over the weekend after 13 days of attacks on Iran, with Washington's UN envoy saying the US was "giving tal…
Oil prices tumbled more than 6% on Monday after the US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.
A temporary pause in hostilities between the U.S. and Iran has eased oil prices, providing potential relief for inflation concerns and central bank policies.
Oil prices fell on Monday as President Trump's decision to pause strikes on Iran fueled hopes for diplomacy. Meanwhile, top tech stocks including Amazon and Meta are preparing for the release of their new earnings reports. Yahoo Finance reporter Brooke DiPalma joins CBS News to discuss.
Oil prices fell and stocks rose Monday as fighting between the United States and Iran paused. The relative calm left investors hopeful that more energy might soon start flowing from the region, even though ships still faced dangerous conditions.
