"If Middle Eastern oil supplies return quickly, a reasonable target range through the end of the year would be $70-75 per barrel," Research Director at Implementa Maria Belova said

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

Brent crude dropped over 4% to $83.04 as Iran-US peace talks raise hopes of reopening the Strait of Hormuz. Bitcoin rose 2% to $65,800 on improved risk

Alexey Belogoryev said that attempts to break through the $75 mark down are possible but it will be difficult to gain a foothold below

US-Iran peace deal reopens Strait of Hormuz, pushing crude oil prices down and setting expectations for lower gas prices. Bitcoin also rallies toward $74K.

Kirill Bakhtin from BCS Investment World said there is a lot of uncertainty both on the future resolution of controversial issues and on Israel's participation in the deal

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

"If Middle Eastern oil supplies return quickly, a reasonable target range through the end of the year would be $70-75 per barrel," Research Director at Implementa Maria Belova said

Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran.

The drop to the lowest since early March has erased the bulk of the gains seen during the conflict. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies even though traders…

Brent crude drops below $80 per barrel as a 60-day US-Iran ceasefire extension signals resumed Strait of Hormuz flows, easing energy costs for Bitcoin

Oil prices hit a 2-month low on U.S.-Iran news, but experts warn of a massive disconnect between paper markets & depleted physical supply.

Markets are anticipating the return of oil flows through the Strait of Hormuz, although analysts warn that significant upside risks remain.

Brent crude fell below $80 as the US-Iran deal to reopen the Strait of Hormuz shifted oil supply expectations. Bitcoin rose to $65,800 on easing inflation

Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was…

Brent settled at $78.96 a barrel and WTI settled at $76.05

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery…