Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.

Stocks surged and the US dollar and oil prices slid today as the prospect of a deal to end the Iran war buoyed risk appetite, although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.

Global oil prices dropped sharply on Sunday as investors reacted to signs of possible progress in talks aimed at ending the US-Israel conflict with Iran. Brent crude, the international benchmark for...

Oil prices nosedived Monday amid hopes of a deal to end the war in Iran and reopen the Strait of Hormuz.

Oil prices fell sharply and global stocks jumped on Monday as investors cheered the prospects of a peace deal between the U.S. and Iran. | Economy

Brent crude dropped below US$97 a barrel after both sides said talks had made progress.

Oil prices dropped nearly 5% after Trump announced progress on a U.S.-Iran deal to reopen the Strait of Hormuz, though key disagreements remain unresolved.