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Oil Prices Drop After Ceasefire Deal

Oil Prices Drop After Ceasefire Deal

Published 14 hours ago
Description

Oil prices plunge as Washington and Tehran finalize a ceasefire deal ending a three-month war that crippled global supply through the Strait of Hormuz — a vital oil chokepoint. With U.S. gas prices still high and the economy struggling, the agreement promises relief but won’t deliver overnight. President Trump’s quick endorsement and call to “start your engines” frame it as a political win ahead of midterms, while Iran confirms signing Friday — though the war’s fallout continues to strain voter trust and economic stability.

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