Traders calmly look beyond the bombs in the Middle East
Donald Trump
NEW YORK FILE - In this Jan. 19, 2012 file photo, fishing boats are seen in front of oil tankers south of the Strait of Hormuz, offshore the town of Ras Al Khaimah in United Arab Emirates. (AP Photo/Kamran Jebreili, File) If oil prices are any measure, Iran just flinched. Oil prices sank more than five percent Tuesday after Israel said it had agreed to U.S. President Donald Trump's proposal for a bilateral ceasefire with Iran. At around 0640 GMT, Brent was up 5.0 percent at $67.93 per barrel,
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