Oil prices fell sharply as traders focused on the prospect of a U.S.-Iran diplomatic breakthrough despite ongoing supply disruptions, declining inventories, and continued risks in the Strait of Hormuz.

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 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 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

Oil prices fell on Thursday as hopes of a possible agreement between the US and Iran to prevent further escalation in the Middle East conflict and reopen the Strait of Hormuz…

Brent dropped toward $92 a barrel, down 19% this month, while West Texas Intermediate was below $88.

Oil prices fell sharply as traders focused on the prospect of a U.S.-Iran diplomatic breakthrough despite ongoing supply disruptions, declining inventories, and continued risks in…

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.