The Commodities Feed: Oil falls as US-Iran sign deal

AI Summary

Oil prices declined following the US-Iran peace agreement that includes immediate terms like reopening the Strait of Hormuz and halting fighting. WTI dropped below $75/bbl while ICE Brent reached its lowest since early March.

Energy – WTI moves below $75/bbl ICE Brent fell to its lowest since early March, while NYMEX WTI dropped more than 2% to below $75/bbl on Thursday morning. The move follows a fast-tracked US-Iran peace agreement, with terms effective immediately, including the reopening of the Strait of Hormuz and a halt to fighting. Iran expects ...