Morgan Stanley lowers Brent crude forecasts to $80-$90 per barrel as US-Iran ceasefire talks near completion, reopening the Strait of Hormuz to global oil

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.