Oil Prices Dip as US-Iran Tensions Escalate

Oil prices fluctuate amid escalating US-Iran tensions, with Brent crude near $113 and WTI around $104. Iranian attacks on US-flagged ships and an oil terminal in Fujairah add to instability. Traders fear oil could surge higher if more infrastructure is damaged, while Irans foreign minister urges caution against war. Inflation fears rise globally due to spiking energy costs, with US thirty-year Treasury yields topping five percent and Philippine consumer prices jumping seven point two percent in April. Defense Secretary Pete Hegseth and top generals brief the press at the Pentagon. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/33e426eddf74ad12