Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption, impacting the global economy and leading to revised price forecasts.

Oil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potential supply disruptions. Despite some…

Oil prices climbed on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing US-Iran peace negotiations, while concerns over supply disruptions…

The war and the curtailment in supplies have seen global stockpiles of crude oil and products being drawn down at a record pace, according to Goldman Sachs Group Inc