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

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…