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HomeBusinessOil falls to 3–month low after US, Iran sign ceasefire deal

Oil falls to 3–month low after US, Iran sign ceasefire deal

Oil prices ​fell by more than $2 per barrel on Thursday after the U. S. 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%, at $77. 41 a barrel The post Oil falls to 3–month low after US, Iran sign ceasefire deal appeared first on MM News.

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