Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears. This followed a sharp rise on Monday amid renewed Middle East tensions. Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping. OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.
Business
Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs
- by The News Vista
- June 9, 2026
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- Less than a minute
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- 2 hours ago

