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Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire BBCIran war live: Tehran says US blockade of ports must end as strait opens Al JazeeraIran War Live Updates: Uncertainty Remains at Strait of Hormuz After Reopening Announcement The New York TimesVideo shows ships turning away from the Strait of Hormuz as confusion persists over whether sea lane is really open
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Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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As Americans keep their cars for longer, Kentucky-based Valvoline says one of its synthetic oil products can turn back time in an engine.
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Federal Reserve governor Chris Waller said the surge in oil prices tied to the Iran war and lingering effects from U.S. tariffs could "lead to a more lasting increase in inflation," potentially forcing the central bank to eschew further interest-rate cuts.
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It's like the "Schrödinger's cat" thought experiment. There are two very different potential realities, and traders don't yet know which one is true.
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