New Overnight Developments Abroad - Daily Update
Oil Price Firms After Trump Lessens Military Threat Against Iran
January 15, 2026
The price of West Texas Intermediate crude oil rebounded 4.2% overnight after President Trump withdrew his threat of immediate military action against Iran. Trump did this because info he has received suggests that the killing of protesters in Iran has lessened greatly. In other market developments overnight, The dollar is mostly mostly higher, with gains […] More