Oil prices plunged Wednesday on rekindled hopes for progress in US-Iran talks aimed at ending the war in the Middle East.

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…

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.

Brent crude futures down 5.5% to lowest level in two weeks and stock markets rise

Oil prices plunged Wednesday on rekindled hopes for progress in US-Iran talks aimed at ending the war in the Middle East.