Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live – latest updates

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

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