Oil Prices Fluctuate as Global Economy Remains on Edge

The global economy is still reeling from the impact of the war between the US and Iran. Oil prices continue to fluctuate wildly, with Brent crude briefly reaching $90 per barrel before falling back below $87.

This volatility has significant implications for inflation, which remains a major concern for policymakers. The average cost of regular gasoline has reached $4.01 per gallon in the US, up from less than $3.14 a year ago.

On Wall Street, stocks are holding steady near their records, with the S&P 500 adding 0.1% and the Dow Jones Industrial Average increasing by 7 points.