Oil Prices Sink 13% and Gas Falls Below $4 as Iran Ceasefire Relieves Markets
HuffPost — US News—Crude oil futures fell roughly 13% from their mid-conflict peak after Trump announced a ceasefire framework with Iran, marking the lowest prices since before the Middle East conflict escalated. US retail gasoline dipped below $4 a gallon for the first time since April, offering relief to American consumers squeezed by months of elevated pump prices. Analysts cautioned that prices could rebound if the deal collapses or Hormuz transit remains constrained.