Energy inflation has been more persistent than expected: Fed's Goolsbee

Oil prices have fallen on reports that a peace deal between the U.S. and Iran could be reached, but they remain materially above pre-war levels. The article points to easing geopolitical risk premia in crude, though the overall market remains sensitive to further developments in the conflict and negotiations.

Analysis

Oil prices have fallen on reports that a peace deal between the U.S. and Iran could be reached, but they remain materially above pre-war levels. The article points to easing geopolitical risk premia in crude, though the overall market remains sensitive to further developments in the conflict and negotiations.