Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the deal with Iran and the reopening of the Strait of Hormuz.

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live – latest updates

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,…

Oil prices fell to a three-month low after the US and Iran's peace deal