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

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

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

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

Analysts urge caution as US and Iran remain divided on key issues