The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline came after U.S. President Donald Trump announced that a memorandum of understanding had been agreed to end the U.S.-Israeli war with Iran.

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 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 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 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.

Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing…

Oil prices plunged more than 5% to reach three-month lows on Monday and stock markets jumped after the United States and Iran reached an initial agreement...

Crude oil prices fell after the US-Iran peace deal. The Strait of Hormuz may reopen, but experts say oil supply challenges could continue.

Oil prices rebounded as concerns grew over the lack of details in a preliminary U.S.-Iran agreement to end the war. The resumption of supply through the Strait of Hormuz may take…

Brent crude futures gained 0.3 per cent while US crude rose 0.5 per cent as at 9.18am Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

After weeks of turmoil that rattled energy markets, oil was trading around $80 per barrel mark on Tuesday as the Middle East chaos has shown signs of cooling down. However, the…

The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline came after U.S. President Donald Trump…