Iran ceasefire strain whipsaws oil prices; Exxon, Chevron profits erode

Oil prices fluctuated, with Brent crude nearing $100 a barrel, as investors reacted to the fragile US-Iran ceasefire and concerns over supply disruptions, leading to increased trading costs and caution in global markets.

Coverage

• US stocks swing higher and oil prices trim their gains on hopes for the ceasefire with Iran - AP News
• Petrol and diesel prices rise again as concerns grow over ceasefire
• Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar
• 'Extinguish the fire immediately': Iran accuses Trump of 'denial and backtracking' as Tehran closes Strait and ceasefire descends into chaos

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