This could bring in a new era of lower prices, Phil Flynn says

Fox News contributor Phil Flynn discusses the impact of a possible Iran deal on 'Special Report.'

Fox Business contributor Phil Flynn analyzes the potential for significantly lower crude oil prices following a peace deal with Iran, arguing this could usher in a new era for global oil markets. He notes that May 2026 CPI inflation showed gas up 40.5% but expresses optimism that disinflation may occur next year. Flynn discusses the Federal Reserve's interest rate decisions and the vital role of the U.S. energy industry.