Crude benchmarks retreat on hopes of US-Iran truce and returning Gulf supplies

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

Oil prices fell sharply and global stock markets rallied after the United States and Iran agreed to end their three-month conflict and reopen the Strait of Hormuz, easing fears…

Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing…

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…

Brent crude futures gained 0.3 per cent while US crude rose 0.5 per cent as at 9.18am Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline came after U.S. President Donald Trump…

Global oil prices ticked lower on Tuesday as the Iran peace agreement dominated the G7 meeting in France.

SINGAPORE: Oil prices extended losses on Tuesday, as markets weighed prospects for a resumption of supply through the key Strait of Hormuz against shaky physical market drivers…

Oil prices slid further to mark a three-month low on Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the...

West Texas Intermediate traded below $77 a barrel, after sinking 16% over four sessions to post the longest losing run this year. | World News

The interim agreement, expected to be signed on Friday, would grant Tehran significant economic incentives, including the immediate ability to resume oil sales.

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…

Middle East crude prices decline into discounts as US-Iran deal improves supply outlook, impacting global oil markets.

Crude has tumbled more than 10 percent this week on optimism for a lasting agreement between the two countries

Crude benchmarks retreat on hopes of US-Iran truce and returning Gulf supplies