The near closure of the Strait of Hormuz since the war began has led to a historic oil supply shock, which quickly sent global energy prices soaring.
Iran updates: Pakistan seeks 2-week pause after Trump warns ‘whole civilization will die’ if no deal by deadline
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U.S. crude oil posts biggest one-day drop since 2020 on U.S.-Iran ceasefire agreement
Truce offers moment of respite for devastated Tehran