Oil prices

Analysts said the events that have unfolded this week signalled that the hostilities between Iran and the US are not yet over

US officials have repeatedly insisted they would never agree to Iran controlling access to Hormuz

Negotiations are still underway

US Energy Secretary Chris Wright said fuel prices should come down in the coming weeks

Goldman sees Brent at $80 to $90 until there is clarity on a deal – or significant escalation

Brent for October declines up to 7.3% in early Asia trade

Middle Eastern nations have asked for time to complete an agreement leading to the strait’s reopening, he adds

Nearly 10% of the world’s ability to refine crude oil is effectively offline

The US carried out two hours of attacks on Iran on Jul 29, the US Central Command says