Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles

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,…

Experts warn oil and fuel prices may remain high as restoring production, shipping and confidence after Strait of Hormuz disruption could take months.

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

Interim accord to ease supply crunch that has gripped energy markets since February

The US and Iran have agreed on an interim deal to end the war, removing a major overhang for markets and sending oil prices lower

A landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already caused oil prices to drop. However,…