Energy: Oil prices drop under $100 amid ongoing tensions following a U.S.-Iran exchange of fire, with Trump asserting that a ceasefire remains in effect.

May 8, 2026 - 06:45
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Energy: Oil prices drop under $100 amid ongoing tensions following a U.S.-Iran exchange of fire, with Trump asserting that a ceasefire remains in effect.
Tensions escalate as the U.S. and Iran exchanged fire in the Strait of Hormuz, sparking concerns that their fragile ceasefire may be collapsing. What's next for these nations? Stay tuned for updates! #StraitOfHormuz #USIranRelations

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