Singapore: Oil prices fell to their lowest level in three months today as markets weighed the prospect of resuming supplies through the Strait of Hormuz,...

Oil prices dropped significantly after the US and Iran announced a peace deal to reopen the vital Strait of Hormuz shipping lane. Read more at straitstimes.com. Read more at…

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