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, brokered by Pakistan, includes ending a U.S. naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on a broader agreement and sanctions relief are expected.

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.

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

(Bloomberg) -- US equity futures climbed, oil slumped and the dollar fell after President Donald Trump and Pakistani mediators said the US and Iran had reached a peace agreement…

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 fell sharply on Sunday after US President Donald Trump declared a deal with Iran "complete" and announced the "immediate toll-free reopening of the Strait of Hormuz", a…

Brent crude fell 4.02 per cent to US$83.82 as at 6.03m Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices dropped significantly after the US and Iran announced a peace deal to reopen the vital Strait of Hormuz shipping lane. Read more at straitstimes.com. Read more at…

Crude oil prices fell over 4% to their lowest levels in over three months.

Oil prices dropped on Sunday after President Donald Trump said an agreement with Iran had been reached and the United States would end its naval blockade on the country.

Oil prices drop more than 4% after a reported US-Iran deal to halt conflict and reopen the Strait of Hormuz reduces global supply concerns.

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,…

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

The landmark US-Iran peace deal will see the Strait of Hormuz reopened within 30 days, allowing roughly 20 per cent of the world's oil and gas supplies to flow freely again

Oil prices drop 4% after the US and Iran agree to reopen the Strait of Hormuz within 30 days, with WTI crude falling to the $81-85 range and crypto markets

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 on Monday after President Donald Trump said an agreement with Iran had been reached and the United States would end its naval blockade on the country.

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

Amid the understandings to end the war between the US and Iran and the expected opening of the Strait of Hormuz, a barrel of Brent crude is trading at $83, US crude (WTI) at $80;…

Iran and the US reached a framework deal to halt war and reopen the Strait of Hormuz. Oil prices dropped up to 9%, with crypto implications emerging.

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