Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

The U.S. And Iran Halted Strikes In The Middle East. Oil Prices Are Plummeting

Oil is plummeting after the U.S. and Iran halted strikes in the Middle East.

The U.S. halted its bombing campaign around the Strait of Hormuz last Friday after Brad Cooper, the commander of the U.S. Military Central Command (CENTCOM), said it had hit its limit of effectiveness, according to a new report.

The U.S. has not conducted new attacks since Friday, leading Iran to hold its own military action, which has targeted different Gulf countries.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.