Oil falls 2.5% as Middle East exports near pre-war levels

Oil settled 2.5% lower Tuesday after JPMorgan estimated Middle East crude exports rebounded to 17.5 million barrels a day, 98% of pre-war levels. For households, that should ease pressure on petrol prices if it holds. I'm skeptical the calm lasts until U.S.-Iran talks settle, with 20% of global supply moving through Hormuz, according to Reuters.