Saudi Aramco set to trim July prices to Asia as regional demand weakens

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.

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

Oil markets tumble in Asia trading, with Brent and WTI falling on optimism over US-Iran talks that could stabilise flows through the vital 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…

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.

Saudi Aramco set to trim July prices to Asia as regional demand weakens

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

Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines.…