Tag: Strait of Hormuz

President Donald Trump thinks it is possible to do a deal with Iran. He said this after three days had elapsed since there was no further military action between the two countries. It is his best indication yet that dialogue,…

Oil prices plunged on Monday. The reduction was following an agreement between the United States and Iran to halt military strikes this weekend. That break raised new investor optimism that both parties could opt for diplomacy rather than war, which…

Oil prices did back off Friday, but the week was a good one. Brent, the world's most important oil benchmark, fell 4.1% to close at $96.57 a barrel. In fact, it had recently reached a price over $100 per barrel…