Pundit says oil prices hold key to Iran ceasefire (opens original article in a new tab)

A specialist suggests a US-Iran ceasefire could reduce global oil prices to $70 per barrel, driven by Trump's need to control inflation and his political challenges.

• A specialist predicts a US-Iran ceasefire could lower global oil prices to $70 per barrel.
• Trump's incentive to end the conflict is linked to controlling inflation, with CPI at 4.25% and PPI over 6%.
• Increased oil prices have raised US petrol costs by 20-30%, complicating Trump's policy goals.