Oil prices drop after Iran ceasefire
AAA says regular gas is averaging $4.16 a gallon.
Vice President JD Vance on Friday warned Iran not to “play” the U.S. as he headed overseas for negotiations aimed at ending their war.
Oil prices are climbing back toward $100 per barrel on Thursday, while stock markets worldwide slow following their big gains from the day before.
President Donald Trump’s threats to wipe out Iran, “a whole civilization,” ended the restraint that Democrats have mostly practiced when it comes to questions of removing him from office in his second term.
AAA says regular gas is averaging $4.16 a gallon.
The U.S. demanded Wednesday that Iran reopen the Strait of Hormuz after the Islamic Republic closed the waterway in response to Israeli attacks against the Hezbollah militant group in Lebanon.
Israeli strikes hit several dense commercial and residential areas in central Beirut without warning Wednesday afternoon, hours after a ceasefire was announced in the U.S.-Israeli war with Iran.
Iran, the United States and Israel agreed to a two-week ceasefire in an 11th-hour deal that headed off U.S. President Donald Trump’s threat to unleash a bombing campaign to destroy Iranian civilization. But hours after the announcement, Iran and Gulf Arab countries reported new attacks Wednesday.
President Donald Trump has pushed back a deadline for Iran to cut a deal or open the Strait of Hormuz from Monday to Tuesday, the latest of several deadline delays, and threatened that without a deal “Hell will reign down on them.”
Iranian officials on Tuesday urged young people to form human chains to protect power plants, as U.S. President Donald Trump warned that a “whole civilization will die tonight” if Tehran does not meet his latest deadline to agree to a deal that includes reopening the Strait of Hormuz.
JP Morgan CEO Jamie Dimon is warning investors about the potential impact of the Iran War on the U.S. economy.