Oil prices fell sharply on Friday after Iranian Foreign Minister Abbas Araghchi announced that the Strait of Hormuz is now "fully open" during the ceasefire period between Israel and Lebanon, bolstering market hopes that major supply disruptions are receding.
Araghchi's statements on the ...
When a geopolitical shock hits energy markets, a recurring pattern emerges: diesel prices surge rapidly, while gasoline lags behind.
According to data from the U.S. Energy Information Administration (EIA), from the beginning of the conflict in Iran until April 6, 2026, the average price of ...