Tag: oil falls
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Oil falls as supply moves through Strait of Hormuz after Iran war pact
NEW DELHI, June 19 : Oil prices fell on Friday as prospects brightened for more supply after oil tankers began moving through the reopening Strait of Hormuz following a peace deal between the United States and Iran.By 0328 GMT, Brent crude futures fell 43 cents, or 0.54 per cent, to $79.42 a barrel and U.S.…
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Oil falls to lowest since start of Iran war after ceasefire deal signed
LONDON, June 18 : Oil prices fell 2 per cent on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.59, or…
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Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the Strait of Hormuz. Brent crude futures fell $4.38, or 5.02 per cent, to $82.95 a barrel by 10:54 a.m.…
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Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
LONDON, June 12 : Oil prices fell over 4 per cent on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures were down $3.81, or 4.22 per cent, at
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Oil falls after Lebanon and Israel agree on a ceasefire
LONDON, June 4 : Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Trade was cautious though and the decline was limited. Brent futures were down 77 ce
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Oil falls as Lebanon and Israel agree on a ceasefire
BEIJING/PERTH, June 4 : Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Brent futures were down 87 cents, or 0.89 per cent, at $96.92 a barrel by…
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