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.

Oil prices have surged as shipping in the Strait of Hormuz has been cut off.

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 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,…