Shares of U.S. companies in the energy sector rose as oil prices declined amid rising hopes of a U.S.-Iran agreement to normalize shipping through the Strait of Hormuz.

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…

Shares of U.S. companies in the energy sector rose as oil prices declined amid rising hopes of a U.S.-Iran agreement to normalize shipping through the Strait of Hormuz.

Oil rises slightly early Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.

Oil prices edged higher on Tuesday after a sharp decline in the previous session, as investors weighed cautious optimism over US-Iran peace talks against uncertainty surrounding…

The US and Iran have flagged early progress in discussions to end the war. Read more at straitstimes.com. Read more at straitstimes.com.