Oil prices fell more than 5% after the United States and Iran paused military attacks, easing immediate supply fears but leaving significant shipping risks in the Strait of Hormuz and Red Sea.

Brent fell about 6 per cent toward US$91 a barrel, while West Texas Intermediate was below US$84. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices dropped 5% as Iran signaled a halt to attacks if the US pause holds. Crude oil reaching a new all-time high by September 30 at 6.2% YES.

Oil prices experienced a significant five percent decline on Monday. This drop occurred after the United States and Iran paused strikes over the weekend. Hopes for a diplomatic…