The price of oil fell on Monday morning after President Trump announced the Strait of Hormuz will reopen under the terms of the agreement reached with Iran.

US President Donald Trump said that a deal with Iran to end the war in the Middle East could be signed Sunday, and that the strategic Strait of Hormuz would be "open to all"…

US President Donald Trump announced a deal with Iran is set to be signed on Sunday. This agreement is expected to immediately reopen the Strait of Hormuz to all traffic. Pakistan,…

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.