article author: Reuters Thu, 2026-06-18 09: 40 BEIJING/SINGAPORE: Oil prices fell by more than $2 per barrel on Thursday after the US and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive US sanctions on Tehran’s oil, boosting the oil supply outlook. Brent crude futures were down $2. 14, or 2. 69 percent, at $77. 41 a barrel as of 09: 16 a. m. Saudi time, and US West Texas Intermediate fell $2. 36, or 3. 07 percent, to $74. 43 a barrel. Main category: Business & Economy Energy Tags: War in Iran energy Oil
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