Oil slips after US Vice President JD Vance warns Israel
Business
Oil prices slipped after US Vice President JD Vance warned Israel not to break its ceasefire with Hezbollah in Lebanon.
Brent crude dropped to $79.33 a barrel, and WTI fell to $75.50 a barrel.
Vance's public pushback has sparked fresh worries about peace in the Middle East and what that means for global oil.
U.S.-Iran deal keeps Hormuz oil flowing
A new U.S.-Iran deal is keeping oil flowing through the Strait of Hormuz, a route that handles 20% of the world's oil.
The agreement lasts 60 days and aims to get things fully back on track within a month, though big issues like Iran's nuclear plans are still up in the air.
Analysts think oil prices could slowly recover if exports ramp up, but supply shortages and high demand might keep them higher than usual for now.