By Isabel Wang and Myra P. Saefong

US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops

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

SINGAPORE: Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the…

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.

Prices at slightly more than three-month lows, but above pre-war levels. 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…

By Isabel Wang and Myra P. Saefong

Brent crude drops below $80 per barrel for the first time since the Iran conflict began, as a US-Iran peace deal framework eases Strait of Hormuz fears.

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

Oil prices fell as hopes increased that the Strait of Hormuz would reopen and oil shipments would resume.

Oil Falls Below $80 as World Awaits Crude Flows from Strait of Hormuz

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…