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Oil prices fluctuate as Trump's Iran deal could fully reopen Strait of Hormuz
Oil prices fluctuated on Wednesday as investors cautiously await a forthcoming deal to end the war between the United States and Iran.The terms of the preliminary agreement have not been released by either country, but traders will be eyeing whether the negotiations will ultimately lead to the Strait of Hormuz being reopened to commercial traffic, as President Donald Trump has claimed. The agreement is expected to be signed on Friday.The market showed restrained optimism, with the price of Brent Crude, the global benchmark for oil, ticking up over one percent. The price per barrel crossed abov...4 days ago
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