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

Peace talks between the US and Iran could lead to a significant drop in oil prices, impacting global fuel costs. Learn how the Strait of Hormuz reopening a

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.

Oil prices have dropped significantly as markets react to potential peace talks between the United States and Iran. Asian stock markets saw early gains on Monday. President Donald…

Crude falls nearly 6% while Trump says Strait of Hormuz blockade will stay in place until agreement finalised