Strait of Hormuz oil shipments fall toward pre-peace deal levels as war reignites
In the roughly month-long window when the US and Iran's preliminary agreement to end the war seemed to hold, oil shipped through the Strait of Hormuz began to quickly recover. Oil flows climbed to roughly 50% of pre-war levels,
Oil prices fall with news of deal, boosting hope gas prices will, too
Many characterized the agreement as a breakthrough, which could lead to lower gas prices.
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Will petrol prices rise this year?
Petrol had hit new lows at the start of the year but the Middle East conflict looks set to push prices back up in a blow for motorists.
Gas prices fall below $4 per gallon as US-Iran peace deal eases crude oil supply fears
Gas prices fall below $4 per gallon as oil prices drop after the Iran deal. Experts say gasoline could fall below $3 by the end of the year.