Oil Prices Drop as Hopes Rise for U.S.–Iran Deal, but Supply Risks Remain

Oil prices fell sharply Wednesday after President Donald Trump said U.S. negotiations with Iran were in their “final stages,” raising hopes that a deal could ease the Middle East conflict and reopen more energy shipments through the Strait of Hormuz. Brent crude futures fell $4.76, or 4.28%, to $106.52 a barrel by late Wednesday morning, … Continue reading Oil Prices Drop as Hopes Rise for U.S.–Iran Deal, but Supply Risks Remain