Oil prices reversed course to trade lower on Thursday after Axios reported that the US and Iran have reached an agreement for a 60-day ceasefire extension.

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

Oil prices fell about 5% to two-week lows on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz,…

By Myra P. Saefong and Isabel Wang