Oil prices fell sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.

"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.

SINGAPORE: Oil prices slipped on Monday after US President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume…

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,…