Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.

Oil prices sank Monday, hitting their lowest levels in more than three months, after the United States and Iran said they had reached an agreement that would end a US blockade of…

Oil prices drop more than 4% after a reported US-Iran deal to halt conflict and reopen the Strait of Hormuz reduces global supply concerns.

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,…

Consumers have paid $59 billion more for gas this year since February 28 than they did in 2025

The closure of the Strait of Hormuz has displaced tens of millions of barrels of crude since the war began in February.

The development, stemming from an interim US-Iran agreement, could alleviate food inflation fears fueled by the Middle East conflict.