Oil falls to $91, a one-week low, after U.S.-Iran pause

WHAT HAPPENED

Brent oil fell nearly 6% to about $91 per barrel and WTI nearly 7% to $83, after the U.S. and Iran paused their military attacks over the weekend.

WHY IT MATTERS

The conflict had halted ships on key routes like Hormuz and the Red Sea, reducing the available supply. If the pause lasts, it eases pressures on gasoline, flights, transport, and plastics; if attacks return, the price may bounce back.

AND FOR YOUR PORTFOLIO

For consumers, a sustained drop could lower gasoline prices and some services with several weeks' delay, as well as ease inflation. For a diversified portfolio, it shows how a conflict can quickly affect energy, transport, and prices.