Progress on a peace agreement between the United States and Iran is pushing down energy prices that have stoked inflation.

How this affects you

A truce between the U.S. and Iran is easing oil prices previously driven up by the conflict and closure of the Strait of Hormuz, yet significant inflation risks persist due to lingering supply chain disruptions, elevated fuel costs, and uncertainty around the peace deal's durability, complicating the Federal Reserve's policy decisions.