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Oil Prices Fall Sharply on News of Possible Iran Deal The New York TimesGlobal Markets Gain and Oil Prices Retreat as U.S-Iran Peace Talks Continue WSJOil prices sink on signs of U.S.-Iran deal AxiosOil prices fall amid mixed signals on US-Iran peace deal Al Jazeera
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The U.S. appears close to reaching an agreement that would end the war with Iran and reopen the strategic Strait of Hormuz, according to reports Sunday, sending oil prices sharply lower.
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Middle East crisis live: oil prices hit two-week low amid optimism that US and Iran are close to peace deal The GuardianOil prices fall 5% after Trump says Iran talks proceeding in a 'constructive manner' CNBCIndian shares to open higher on US-Iran peace deal optimism ReutersOil, Dollar Slide on Optimism Over US-Iran Deal: Markets Wrap Bloomberg.com
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Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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Nearly three months since the fighting began, disagreements remain over the fate of Iran's uranium stockpile and transit fees for the Strait of Hormuz.
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 Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.
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