The markets are closely watching the ceasefire that is now in effect between Israel and Iran and how it will impact oil prices.
President Trump announced the deal Monday, and tensions have cooled after pressure from the United States. Oil prices fell shortly after, hitting a two-week low. Petroleum analysts tell Reuters the ceasefire effectively wiped out all risk that was built up over the last two weeks.
Analysts are also closely watching to see if Iran retaliates by closing the Strait of Hormuz, which is one of the world’s major transportation routes.
Related Stories
Here are the top agriculture news headlines from RFD-TV News today (Thursday, Feb. 27, 2025) and the top trending stories on RFD-TV News.
“Ethanol was very competitive as a fuel last year.”
“It is really important to me that we continue to defend and elevate and honor all sources of fuel.”
“It sets a common definition for sustainable aviation fuel”
