Oil Below $90 a Barrel After Trump Cancels Iran Strikes

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 crashed below $88 after reports said a US-Iran draft agreement gained preliminary acceptance in Washington. Brent crude fell near $91, while WTI crude dropped below…

Oil prices fell around 5 percent to below $90 a barrel on Tuesday after US President Donald Trump again said an Iran peace deal could be close. The international benchmark Brent…

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