EPISODE · May 5, 2026 · 1 MIN
Oil Prices Fluctuate Amid US-Iran Tensions
from The Daily News Now! Business
Oil prices stabilize after Mondays surge, as traders watch the fragile US-Iran ceasefire. Brent crude dips below $114 a barrel, following a 5.8% jump, as fresh clashes escalate risks. Hundreds of ships avoid the Strait of Hormuz, with US forces clearing a passage. Analysts warn of potential oil spikes if war resumes and damages key infrastructure. President Trump suggests conflict may last another two to three weeks, fueling inflation and growth concerns. Irans foreign minister hints at talks with Washington, but warns against chaos. The UAE intercepts Iranian missiles, and shipping experts predict no quick restart of strait traffic. The oil market remains on edge for further escalation. 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/38dc88a0a381f142
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Oil Prices Fluctuate Amid US-Iran Tensions
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