Pumpjacks in oilfields in Kern County, California, pictured in April 2025.
Mandatory Credit: Frederic J. Brown/AFP/Getty Images via CNN Newsource
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Oil is falling so much it’s now cheaper than it was before the Iran-Israel conflict
Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict, as investors cheered news of a ceasefire, albeit fragile, between the two countries.
