BEIJING/SINGAPORE: Oil prices fell by more than $2 per barrel on Thursday after the US and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive US sanctions on Tehran’s oil, boosting the oil supply outlook. Brent crude futures were down $2.14, or 2.69 percent, at $77.41 a barrel as of 09:16 a.m. Saudi time, and US West Texas Intermediate fell $2.36, or 3.07 percent, to $74.43 a barrel.

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…

HOUSTON, June 15 : Oil prices slumped around $4 a barrel to a three-month low on Monday amid a broad selloff after President Donald Trump said the United States and Iran have…

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

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…