INQUIRER PHOTO/NIÑO JESUS ORBETA MANILA, Philippines — Local oil prices may return to pre-Middle East crisis levels in about six months to a year once the United States and Iran finally reach a

Oil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agreement to de-escalate tensions in the…

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.