Oil falls as markets weigh return of supply, US-Iran peace deal

SINGAPORE: Oil prices extended losses on ​Tuesday, as markets weighed prospects for a resumption of supply through the key Strait of Hormuz against shaky ‌physical market drivers and a lack of details from a preliminary deal to end the Iran war. By 09:31 a.m. Saudi time, Brent crude futures were down 45 cents, or 0.5 percent, at $82.72 a barrel, and US West Texas Intermediate was down 24 cents, or 0.3 percent, at $80.51 a barrel.

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