Oil prices are headed for their steepest quarterly decline since 2020 as hopes for sustained Strait of Hormuz access erase much of the geopolitical risk premium.

Crude prices fell by more than 3 percent on Friday, on course for steep weekly losses, as oil tankers kept exiting the Strait of Hormuz, easing supply concerns the day after a…

Brent crude has crashed over 20% as Hormuz reopens. Here are 5 oil and gas stocks positioned to gain from a fragile, still-unfolding peace.