The market isn’t fully pricing in a U.S.-Iran peace deal — and that could be just the lift European stocks need

U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S.

India’s oil imports from Russia have jumped by 70% since February

The sudden firing of the oil giant’s chairman raises questions about the board’s personnel decisions.