Oil prices plunge on US-Iran ceasefire deal to reopen Strait of Hormuz
Crude prices tumbled by as much as 15% on the conditional pause but is higher than before the war.
Source: BBC News Iran ▾
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UK says Iran holding world economy 'hostage' with Hormuz attacks
Yvette Cooper is chairing a virtual summit looking at ways to get energy exports moving through the shipping lane.
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Beyond oil: The crucial exports blocked by Hormuz closure
The price of a wide range of goods - from food, to smartphones, to medicines - could be affected by the US-Israel war with Iran.
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US lifts sanctions on some Iranian oil as gas prices soar
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
