Oil prices decline as talks between the US and Iran raise hopes for a resolution, impacting key shipping routes like the Strait of Hormuz. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices tumbled sharply on Monday after the United States and Iran held back from launching fresh strikes over the weekend, raising hopes that diplomacy could ease tensions in…

NEW YORK, July 27 : Oil prices fell on Monday, settling at their lowest levels in over a week, after the U.S. abruptly suspended a campaign of air strikes against Iran over the…