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 announced, details remain scarce, and a full return to pre-war production levels is expected to take considerable time, adding to market uncertainty.

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,…

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

Oil prices fell to a three-month low after the US and Iran's peace deal

Oil prices rebounded as concerns grew over the lack of details in a preliminary U.S.-Iran agreement to end the war. The resumption of supply through the Strait of Hormuz may take…