Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession

Donald Trump says Iran must choose between signing a deal or facing fresh US strikes - but despite the threats, no attacks have come.

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession

As the US and Iran inch closer to a peace deal, oil prices have plummeted, impacting global markets and investor sentiment.

Brent Crude fell by over five per cent on Monday on news of progress between Iran and the US in peace negotiations.

Crude futures tumbled more than 5% on Monday after President Trump said an Iran agreement is close. But a leading commodity strategist told investors to "sell the tweet" — and a…

The outline of a deal to end the war with Iran is emerging, but its aftermath will be higher oil prices and the humiliation of the Trump administration.

The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.

"The bottom line is that the supply shortfall will build in the coming months as temporary buffers are depleted..."

Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a potential deal to end the war.