The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop crude market from going haywire | World News

As the Strait of Hormuz remains closed for the fourth month, “one development stands out: prices have become remarkably calm,” JPMorgan analysts said.

ING estimates Brent could surge to $120–$130 per barrel this summer if Hormuz disruptions persist, increasing pressure on Washington to secure a U.S.-Iran deal and avert a deeper…

The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop crude market from going haywire | World News

It’s complicated but not this month, most likely.

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement,…

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops

Oil prices fell sharply and global stock markets rallied after the United States and Iran agreed to end their three-month conflict and reopen the Strait of Hormuz, easing fears…

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles