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Oil prices fell sharply Monday after President Donald Trump said he had postponed threatened strikes on Iranian power plants.
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International Energy Agency head says global economy faces ‘major, major threat' from Iran war abcnews.comMore than 40 Middle East energy assets ‘severely damaged,' IEA chief says CNBCFirst Thing: Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, IEA chief says The Guardian
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Oil prices tumbled and yields on government bonds pulled back from highs. But the response faded as the day went on.
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U.S. gasoline prices at the pump were close to $1 a gallon higher than a month ago.
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War's Attacks on Energy Could Turn Economic Shock Into Long-Term Damage The New York TimesIran Strikes Gulf Targets as Trump's Hormuz Deadline Approaches Bloomberg.comIran War: One Missile Could Make the Oil Crisis Much Worse New York MagazineThe New Weapons of Global Power Are Oil, Rare Earths and Microchips WSJ
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Oil prices push higher and gold erases gains after US and Iran traded threats over the weekend Business InsiderOil prices volatile after Trump's Strait of Hormuz threat AxiosOil Futures Tumble 14% After Trump's Iran Comments Bloomberg.comOil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely CNN
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