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Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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The U.S. and Iran agree to pause fresh hostilities, sending futures higher. But concerns over the peace talks continue, pushing oil back above $70 a barrel.
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South African prosecutors have dropped a murder charge against Zolile Sekeleni, the father of the girlfriend of high-profile convicted murderer Thabo Bester, who is accused of escaping from a South African prison after faking his own death in a fire, officials told CNN Monday.
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