Business

Oil Prices Plunge Amid Iran Crisis

Updated 2026-06-18 19:55 UTC 2 sources Neutral

Global oil prices fell sharply, dropping over 30% from their May peak. This decline is attributed to the easing of supply concerns following the Iran oil shock.

Coverage timeline — 2 articles
MarketWatch
Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago. That marks a drop of more than 30% from their May peak and likely averts the disaster commodity experts had warned about as one of the largest crude supply shortages in history
2026-06-18 19:38 UTC
STAT News
This week on "The Readout LOUD" podcast: new hope in treating Huntington's disease and a report card on RFK Jr.'s promises. Listen now.
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