Morning Brief: US — Today's Headlines

The US-Iran ceasefire held for a fourth consecutive night with no attacks from either side, sending WTI crude down to $81.55 and Brent to $87.36 — after both spiked above $100 last week. But oil futures falling don't mean relief at the pump: the national average for a gallon of regular gasoline hit $4.11 on July 27, up 38% from $2.98 two days before the war began on Feb. 28. Five months of disrupted Strait of Hormuz traffic have baked higher costs into...