(Bloomberg) -- Oil climbed and the dollar strengthened as negotiations to extend the US-Iran ceasefire showed few signs of a breakthrough.

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.

Markets rallied, and oil fell after reports that the United States and Iran had agreed in principle to extend their ceasefire, boosting hopes of a sustained de-escalation in the…

(Bloomberg) -- Oil climbed as tensions remained elevated in the Middle East, with negotiations over a permanent US-Iran ceasefire showing little sign of a breakthrough.

(Bloomberg) -- Oil climbed and the dollar strengthened as tensions remained elevated in the Middle East, with negotiations over a permanent US-Iran ceasefire showing little sign…

(Bloomberg) -- Oil climbed and the dollar strengthened as negotiations to extend the US-Iran ceasefire showed few signs of a breakthrough.

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.

(Bloomberg) -- A renewed rally in oil drove bonds lower while stocks fluctuated as a report that Iran will halt exchanges of messages with the US cast doubt on a ceasefire renewal.