Energy experts say years of weak investment in new oil supply, combined with the prolonged Hormuz disruption, could push Brent crude into a prolonged $120–$150 per barrel range

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.

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

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