Updated 8m ago Oil prices near pre-war level Brent crude, the international standard, fell 3.8% to $73.87 a barrel. It has been trading below $80 in recent days but is still above the roughly $70 per barrel it was trading at in late February before the war began. U.S. crude prices fell 3.9% to $70.34 a barrel. Early Thursday, Brent was down 1.3% at $72.90, while U.S. benchmark crude lost…

IE 11 is not supported. For an optimal experience visit our site on another browser. How the fighting in Lebanon became a key sticking point in Iran-U.S. negotiations 03:41 Now Playing Vance touts ‘successful foundation’ in remarks on Iran-U.S. negotiations 10:13 UP NEXT US and Iran Agrees to Roadmap for Final Deal Within 60 Days 02:55 Fans cheer on Iran from Tehran during the World…

Industries like automotive manufacturing and consumer electronics could see slowdowns or production halts, according to Abuwasel, who also expects delays for pharmaceuticals, medical supplies and temperature-controlled goods the longer this conflict drags on. Historically, geopolitical shocks tend to fade quickly when it comes to economic impact. Last summer’s flare-up between the U.S. and Iran,…