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.

Brent crude fell 4.02 per cent to US$83.82 as at 6.03m Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices fell sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.