Oil prices ease as US seeks reopening of the Hormuz Strait - BBC
ShareSaveAdd as preferred on GoogleOsmond ChiaandMitchell Labiak,Business reportersGetty ImagesOil prices have dropped and global stock markets have risen following reports that the US and Iran are close to a deal to end the war. Brent crude futures, the global benchmark oil price, fell to $97 (£73) a barrel after the reports before rebounding to over $101.