Preliminary inflation figures are due across Europe later today, along with Canadian GDP

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.

US stocks reversed intraday losses after reports of US-Iran deal progress sent oil prices tumbling, with Brent crude falling around 5% to $94 per barrel.

World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the…

Stock markets mostly rose and oil prices fell Friday on optimism that the United States and Iran would reach a deal to extend their ceasefire.

Preliminary inflation figures are due across Europe later today, along with Canadian GDP

Analysts warned that any potential ceasefire extension should be viewed cautiously

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.