Browsing: energy market

Oil prices have dropped sharply, falling below pre-Iran-Israel conflict levels. Market dynamics and easing geopolitical tensions have driven this unexpected decline, impacting global energy markets and economic forecasts.

Tensions between Iran and Israel risk disrupting Middle Eastern oil supplies, potentially driving global prices higher. Experts warn that prolonged conflict could tighten markets and fuel energy cost volatility worldwide.

Kern County officials convened to assess the impact of oil price fluctuations following the Strait of Hormuz route stoppage. They discussed local economic effects and strategies to stabilize supply amid global uncertainty.