Oil Futures Edge Down as Ships Move Toward Hormuz

Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.

Global crude benchmark Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate was near $92.

The strait – which links the region to world markets – has been subject to a double blockade, with curbs imposed by both Iran and the US.

US stock futures rose as hopes for an Iran war deal boosted risk appetite, though oil prices and the dollar slipped. While President Trump indicated progress on a peace deal to…

Oil Tumbles, Stock Futures Rise Amid Hopes for Iran Deal

Oil Futures Edge Down as Ships Move Toward Hormuz

Oil Futures Edge Down as Ships Move Toward Hormuz

Oil Slides as Ships Move Toward Hormuz