WASHINGTON: Crude oil prices fell sharply over the past 24 hours as markets reacted to renewed optimism that the...

Oil prices fell sharply as traders bet that a possible U.S.-Iran agreement could reopen the Strait of Hormuz and ease global supply fears.

Brent crude drops 15% from war highs as US-Iran peace deal hopes and plans to reopen the Strait of Hormuz reshape global oil markets and investor

WASHINGTON: Crude oil prices fell sharply over the past 24 hours as markets reacted to renewed optimism that the...

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

Brent crude fell nearly 5% to around $83 a barrel after ending last week at a three-month low, while West Texas Intermediate traded near $80. | World News

Brent crude futures falls $4.08 to $83.25 a barrel and US West Texas Intermediate falls $4.35 to $80.53.

Brent crude dropped over 4% to $83.04 as Iran-US peace talks raise hopes of reopening the Strait of Hormuz. Bitcoin rose 2% to $65,800 on improved risk

The price of U.S. crude oil fell to its lowest point since early March, but it’s still up 40% since the start of the year.

HOUSTON: Oil prices slumped around $4 a barrel to a three-month low on Monday amid a broad selloff after President...