Fresh strikes on Kuwait and Oman undermine hopes of a U.S.-Iran de-escalation, keeping oil markets on edge and traders skeptical of diplomatic progress.

LONDON: Oil prices fell more than 1 percent on Tuesday, paring the previous session’s sharp gains, as Iran reviewed a proposed agreement with the US to halt the war between the…

Fresh strikes on Kuwait and Oman undermine hopes of a U.S.-Iran de-escalation, keeping oil markets on edge and traders skeptical of diplomatic progress.