Oil prices slipped nearly 6% to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even...

Oil prices slid on optimism that the US and Iran were moving closer towards a peace deal, even though they remained at odds over key issues.

Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with…

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