Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend
Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.
The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening.
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This article was originally published by The Guardian and written by Jillian Ambrose.
Read original article on The Guardian