
Oil Prices Plummet After Iran-US Conflict
About this episode
Oil prices plummeted on Tuesday, following a surge since US-Israel strikes on Iran, despite Gulf shutdowns. The most volatile day ever for oil trading saw prices spike to $115 before easing on G7 meeting reports. Drivers await cheaper gas, as fuel sellers hold onto pricier stock. Volatility persists amid conflict risks. President Trump warns Iran of massive retaliation, while Irans Revolutionary Guard threatens to halt regional oil exports if attacks continue.
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Global News Today | 2 Min News | The Daily News Now! — Oil Prices Plummet After Iran-US Conflict. Machine-transcribed; use the interactive transcript above to jump the player to any line.
What's up? This is Global News Today, bringing you the fastest global updates right now. Old prices took a sharp drop on Tuesday, with both US crude and brand falling more than 6% after surging since the US and Israel began. Strikes on Iran 10 days ago. This came amid shutdowns and the gulf that cut off millions of barrels of crude. Earlier this week marked the most volatile day ever for oil trading, spiking to $115 a barrel before easing on reports of a G7. Emergency meeting and possible release of 300 million barrels from global stockpiles. Drivers hoping for cheaper gas at the pump face a wait as fuel sellers hold onto presear stock they bought earlier. Analysts worn prices will stay volatile with risks of further conflict. President Trump issued a strong warning to Iran, threatening massive retaliation if they block oil flows through the Strait of Hormuz. Meanwhile, five players from Iran's women's soccer team receive
humanitarian visas in Australia after skipping their national anthem before a match. The conflict drags on, with Iran retaliating, Israel hitting Lebanon and the death toll rising to 8 US service members. Iran's revolutionary guard bows to halt all regional oil exports if attacks continue while European nations boost military presence nearby. The Daily News Now is presented by our sponsor. When you want calm, do not reach for your phone, lay back and listen. S-O-L-I-SoliPillow.com
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