A US-Iran deal to reopen the Strait of Hormuz sent oil prices tumbling, easing inflation fears and reducing pressure on the Federal Reserve to hike rates.

The US and Iran are nearing a deal to reopen the Strait of Hormuz under a 60-day ceasefire, with Iran exploring Bitcoin for transit fee payments.

A possible U.S.-Iran deal framework is reportedly beginning to take shape, but major uncertainty remains over what exactly would happen in the Strait of Hormuz. A senior…

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,…

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