Fuel Tax Changes Hit Six States As Energy Inflation Accelerates

Oil markets extended their decline on Friday, with crude prices falling sharply after U. S. President Donald Trump said a peace agreement with Iran was close and canceled previously threatened military strikes.

Brent crude slipped below $90 per barrel, trading around $88–$89, while WTI fell to roughly $85–$87, as traders priced in the possibility of de-escalation in the Middle East and a potential reopening of the Strait of Hormuz.