Brent crude futures dived below US$80, lowest since the Iran war began. Read more at straitstimes.com. Read more at straitstimes.com.

Markets bet on renewed Iranian exports, sending WTI and Brent sharply lower

Brent crude futures falls $4.08 to $83.25 a barrel and US West Texas Intermediate falls $4.35 to $80.53.

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…