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

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.

Oil prices fell sharply as traders priced in growing hopes that a U.S.-Iran deal could reopen the Strait of Hormuz and ease the global supply shock.

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…

Global oil prices fell sharply as uncertainty surrounding a potential agreement between Washington and Tehran heightened concerns about the economic impact of continued…

Brent crude dropped as much as 5.1 per cent to US$98.22 a barrel. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices tumbled over 5% on Monday, falling below the $100 per barrel mark, buoyed by optimism over a potential agreement aimed at ending the US-Iran war. The market reaction…

Oil prices fell and Asian stocks climbed on Monday over hopes a deal between the United States and Iran to open the Strait of Hormuz could be brokered.The price of North Sea Brent…

Crude oil prices plunged over 5% as reports surfaced of the US and Iran nearing a Memorandum of Understanding, pushing Brent below $100 and WTI towards $90 a barrel.

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

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