The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
A U.S.-Iran memorandum has been signed, but ships still aren’t moving through the Strait of Hormuz, leaving drivers waiting for relief at the gas pump. Vice President JD Vance is shedding new light on what’s reportedly in the deal as questions swirl about Iran’s obligations and the future of sanctions. Meanwhile, California Governor Gavin Newsom...
Vice President JD Vance expressed gratitude Sunday for the American people’s “patience” with high gas prices throughout the war with Iran as news of a peace deal…
President Trump on Monday did not commit to attending the signing of the agreement to end the Iran war later in the week. Trump, having just arrived for the Group of Seven summit and seated next to French President Emmanuel Macron in Evian-les-Bains, France, told reporters that “it depends” on whether or not he will…
Oil prices fell on Monday amid hopes that the ceasefire deal between Washington and Tehran would end the global energy supply disruptions that sent the costs of gasoline, jet fuel, and other similar products surging for the last several months. A 60-day preliminary ceasefire extension with Iran was agreed to over the weekend and includes…
