With oil trading below $100-a-barrel for a fortnight, drivers have already seen the average price of a litre of petrol fall by 3p.

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

Trump insists a peace deal with Iran is imminent, which could reopen the Strait of Hormuz as soon as this weekend.

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…

Nigerian petrol prices could fall to N900 per litre if the US-Iran peace deal holds and crude oil prices continue to decline, say industry operators.

Oil prices have fallen about 4 percent following the announcement of the agreement.

Oil prices sank Monday, hitting their lowest levels in more than three months, after the United States and Iran said they had reached an agreement that would end a US blockade of…

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 fell sharply as President Trump announced a US-Iran deal ending the naval blockade, with Brent crude dropping 3.9% to $84 a barrel, its lowest since March.

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

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

With oil trading below $100-a-barrel for a fortnight, drivers have already seen the average price of a litre of petrol fall by 3p.

US-Iran peace deal reopens Strait of Hormuz, pushing crude oil prices down and setting expectations for lower gas prices. Bitcoin also rallies toward $74K.

Indian refinery executives anticipate oil prices falling below $80 per barrel within weeks if a US-Iran agreement is signed Friday, reopening the Strait of Hormuz. This deal would…