HOUSTON, June 22 : Oil prices fell 4 per cent on Monday after U.S. Vice President JD Vance said progress has been made in talks with Iran and that the Strait of Hormuz was open, easing supply concerns. Brent crude was down $3.18 or 3.95 per cent, at $77.39 a barrel by 11:44 a.m. ET (1544 GMT) Prices had cli

Brent crude was down 2.2 per cent to US$78.94 as at 10.41am Singapore time, reversing an earlier gain of as much as 2.2 per cent. Read more at straitstimes.com. Read more at…

Oil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials began on a rocky note, with Iran citing…