Oil markets fear Iran may impose fees on ships crossing the Strait of Hormuz as part of any peace deal with the U.S.

Oil markets fear Iran may impose fees on ships crossing the Strait of Hormuz as part of any peace deal with the U.S.

Oil prices moved lower on Wednesday as investors weighed the prospect of a U.S.-Iran agreement that could restore shipping through the Strait of Hormuz.

0720 GMT - Oil prices gain more than 2.5% following fresh U.S. strikes on Iran after Tehran launched drones at commercial ships in the Strait of Hormuz, testing an already fragile…

Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.