Oil prices fall as U.S. and Iranian officials signal progress in ceasefire talks, easing supply fears and prompting traders to unwind part of the recent risk premium.

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.

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

Oil prices fell over 6% Monday as U.S.-Iran diplomatic progress eased supply fears, pulling Brent below $100/bbl for the first time in three weeks.

Concurrently with rising speculation over Iran and the United States reaching an agreement to de-escalate tensions and reopen the Strait ...

WTI, Brent slide over 6% as ‘war risk premium’ fades on US-Iran talks

Oil prices fall as U.S. and Iranian officials signal progress in ceasefire talks, easing supply fears and prompting traders to unwind part of the recent risk premium.

Oil prices fell as traders focused on hopes for a U.S.-Iran deal despite continued hostilities, tight inventories, and the effective closure of the Strait of Hormuz.

Oil prices fell slightly on Friday after reports of a potential extension of a US-Iran ceasefire amid the ongoing Middle East conflict that has stretched beyond three months.

Oil prices dropped sharply, with Brent nearing $93 per barrel, as the US and Iran tentatively agreed to extend a truce, potentially easing Strait of Hormuz shipping restrictions.