Crude oil futures fall as Trump hints at a potential peace deal with Iran, affecting market dynamics significantly.

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.

US crude tumbled almost 3 per cent at the open to US$85.13 a barrel, the lowest level since April 17, before paring some losses. Read more at straitstimes.com. Read more at…

Oil prices dropped Friday, extending previous losses as U.S. President Trump canceled planned strikes on Iran, easing fears of escalating hostilities. Brent futures fell 1.3% and…

Brent and WTI futures decline amid reduced fears of escalation in West Asia

Crude oil futures fall as Trump hints at a potential peace deal with Iran, affecting market dynamics significantly.