Oil Prices Fall to Lowest Since Iran War After Ceasefire Deal
Oil prices have dropped to their lowest levels since the start of the Iran war following the signing of a ceasefire deal. This agreement has also led to US gas prices falling below $4 a gallon.
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The Iran oil shock taught traders these key lessons about demand and China
Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago. That marks a drop of more than 30% from their May peak and likely averts the disaster commodity experts had warned about as one of the largest crude supply shortages in history began playing out.
By Myra P. Saefong
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