Reported about 1 month ago
Despite rising tensions between Iran and Israel and the threats of retaliation, oil prices have surprisingly remained low, with West Texas crude falling to around $68 per barrel. The Biden administration's military show of force and efforts to contain regional hostilities appear to have contributed to this stability, providing some relief to American consumers as gasoline prices decrease. Analysts suggest that unless a significant escalation occurs in the Middle East, markets may continue to experience a relatively calm energy landscape.
Source: YAHOO