Depleting global oil inventories and uncertainty over Strait of Hormuz traffic could undermine the benefits of the U.S.-Iran memorandum and drive oil prices sharply higher during negotiations.

The recent decline in oil prices is primarily driven by fading fears of supply disruptions. Earlier, markets had priced in worst-case scenarios, including a prolonged conflict and…

Depleting global oil inventories and uncertainty over Strait of Hormuz traffic could undermine the benefits of the U.S.-Iran memorandum and drive oil prices sharply higher during…

A tenuous deal with Iran has pushed oil prices lower, but U.S. strategic petroleum reserves are at their lowest level in 40 years and commercial inventories have been heavily…

The US and Iran signed a 14-point memorandum of understanding, reopening the Strait of Hormuz and granting 60-day oil sanctions waivers as Brent crude