Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.

Henry Allen, Deutsche Bank macro strategist, discusses the implications of the two-week ceasefire between the US and Iran on markets and oil prices. "We're not seeing the data downgrades we saw back in 2022 when Russia invaded Ukraine and oil was up $120 a barrel," Allen tells Bloomberg Television. (Source: Bloomberg)
Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
Oil prices plummeted on Tuesday evening as the energy market reacted to news of a ceasefire in the the U.S-Israeli war with Iran. After President Donald Trump and Iran’s Supreme National Security Council announced they each agreed to the ceasefire, West Texas Intermediate crude oil futures dropped under $100 to its lowest point since late…
US stocks fell Tuesday morning and oil prices rose as President Trump’s 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz quickly neared – and investors feared a deal would not be reached in time.