Oil prices face fresh wave of volatility amid conflicting reports about Strait of Hormuz reopening and ongoing regional strife

A flurry of headlines on Friday point to an increasingly fragile deal between the U.S. and Iran.

Israel, Hezbollah Agree to Renewed Ceasefire as Iran Peace Talks Postponed

The agreement came after intensified clashes in Lebanon and as talks between the U.S. and Iran over ending the war were postponed.

U.S. Launches Trade Probe Into Germany Over Drug Pricing