Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a framework deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.

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 after the US and Iran announced a peace deal to reopen the vital Strait of Hormuz shipping lane. Read more at straitstimes.com. Read more at…

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.

(Bloomberg) -- Stocks rallied, oil slumped and the dollar fell after the US and Iran said they had reached a deal to reopen the Strait of Hormuz.

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 sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.

Oil prices dropped, while markets cheered apparently progress after Donald Trump said an agreement with Iran had been reached and the US would end its naval blockade on the…

(Bloomberg) -- Stocks and Treasuries rallied while oil fell to a three-month low after the US and Iran reached a deal to reopen the Strait of Hormuz, easing concerns over…

The landmark US-Iran peace deal will see the Strait of Hormuz reopened within 30 days, allowing roughly 20 per cent of the world's oil and gas supplies to flow freely again

Oil prices drop 4% after the US and Iran agree to reopen the Strait of Hormuz within 30 days, with WTI crude falling to the $81-85 range and crypto markets

Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a framework deal to end the Middle East war and reopen the Strait of Hormuz,…

Oil prices tumbled and stocks soared Monday after the United States and Iran said they had reached a deal to end their war that will reopen the Strait of Hormuz, sending a wave of…

(Bloomberg) -- Stocks and Treasuries rallied while oil dropped to a three-month low after the US and Iran reached a deal to reopen the Strait of Hormuz, easing concerns over…

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops

Brent crude fell nearly 5% to around $83 a barrel after ending last week at a three-month low, while West Texas Intermediate traded near $80. | World News

Oil prices tumbled and stocks soared on June 15 after the United States and Iran said they had reached a deal to end their war that will reopen the Strait of Hormuz, sending a…

Iran and the US reached a framework deal to halt war and reopen the Strait of Hormuz. Oil prices dropped up to 9%, with crypto implications emerging.

The two sides confirmed an announcement from mediator Pakistan, with a signing ceremony set to take place in Switzerland on June 19, bringing an end to three months of conflict…

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

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.