Oil Price Slides as US and Iran Pause Fire; Cancer Treatments Help AstraZeneca Beat Profit Forecasts – As It Happened The oil price has slid 6% in recent days, a stark reminder of the turmoil brewing in the Middle East.
The temporary pause in US attacks on Iran has brought some relief to traders, but this respite should not lull them into complacency.
Underlying dynamics driving the conflict – supply restrictions, economic sanctions, and the pursuit of regional influence – will continue to roil global markets.