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. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.

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 fell sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.

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

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

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…

HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the…

US & Iran will sign MoU in Switzerland Friday. Trump said that the strait would open 'toll-free' and naval blockade of Iranian ports would end.

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.

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…

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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...

Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran.

The drop to the lowest since early March has erased the bulk of the gains seen during the conflict. 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…

Brent crude drops below $80 per barrel as a 60-day US-Iran ceasefire extension signals resumed Strait of Hormuz flows, easing energy costs for Bitcoin

Strait of Hormuz set to reopen after months of disruption amid Iran peace deal

Oil prices hit a 2-month low on U.S.-Iran news, but experts warn of a massive disconnect between paper markets & depleted physical supply.

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.