Oil price drops amid hopes of US-Iran peace deal

Commodity poised for one of biggest monthly declines, while global stock markets rallyBusiness live – latest updatesOil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever.The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54. Brent is heading towards one of its biggest monthly drops ever as it nears a fall of 17% since the start of May. Continue reading...