Oil Prices Drop Below $70 Amid Israel-Iran Ceasefire
TL;DR Summary
Oil prices dropped below $70 following a fragile ceasefire between Israel and Iran, easing fears of Strait of Hormuz closure, while US energy demand surged amid high temperatures. Major developments include US LNG capacity expansion, record Indian oil imports, and Canada's first LNG export, alongside geopolitical tensions affecting Iraq and Niger, and China's record solar capacity growth.
Topics:business#energy#global-energy-markets#israel-iran-ceasefire#lng-expansion#oil-prices#us-natural-gas
- Brent Drops Below $70 as Israel-Iran Ceasefire Holds Crude Oil Prices Today | OilPrice.com
- Oil is falling so much it’s now cheaper than it was before the Iran-Israel conflict CNN
- Stock Market Today: Dow Rises, Oil Price Slides; Powell Testifies to Congress — Live Updates WSJ
- Oil prices drop sharply, and Wall Street nears its record as stocks rally worldwide The Mercury News
- Oil prices slump 5% to one-week lows as Israel accepts ceasefire proposal The Economic Times
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