Follow our live coverage here. SINGAPORE – Oil prices dropped on June 15 after US President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz. The global oil benchmark, Brent crude, fell US$3.51, or 4.02 per cent, to US$83.82 as at 6.03am Singapore time and US West Texas Intermediate was at US$80.95 a barrel, down US$3.93, or 4.63 per cent. Trump said in a social-media post he was authorising the “toll free opening” of Hormuz, as well as ending a blockade of the…
News Timeline:
Track the development of this news story across the Internet.