Global oil prices dropped sharply on Monday after signs emerged that the United States and Iran were moving closer to a potential peace agreement that could eventually reopen the Strait of Hormuz, one of the world’s most critical energy routes. Brent crude futures fell $4.71, or 4.55%, to settle near $98.83 per barrel. US West […]
Iran and US Close to Gulf War Agreement, Report Says
The United States and Iran are moving closer to a possible agreement aimed at ending the conflict in the Gulf, according to sources familiar with the talks. The proposed deal could ease tensions around the Strait of Hormuz after weeks of military escalation and disruptions to global energy supplies. A source confirmed that a report […]