💨 Abstract

The price of Brent crude oil fell slightly to US$108.60 per barrel after ceasefire proposals between the U.S. and Iran, but it remains 50% higher than pre-war levels. Economists warn that if oil prices surpass US$150 per barrel, it could lead to a mild economic downturn due to reduced consumer spending. Gas prices in the U.S.

Courtesy: Uday Rana