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…

0735 GMT - Oil prices climb 2% as hostilities in the Middle East escalated after the U.S. and Iran exchanged heavy fire. Meanwhile, diplomatic efforts to reopen the Strait of…

Oil prices dipped as a ceasefire between Israel and Lebanon sparked hopes for broader diplomatic progress, potentially easing U.S.-Iran tensions. The U.S. House also passed a…

Oil prices fell after a U.S.-brokered Israel-Lebanon ceasefire raised hopes for a broader regional deal, though the closed Strait of Hormuz continues to strain global supply.

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.