Oil nears two-month low ahead of Iran-U.S. deal
Oil prices fell by more than four percent, nearing their lowest levels in two months, as a deal between Iran and the United States approached signing, easing fears of escalating hostilities. The price of Brent crude dropped to $86.57 per barrel, while West Texas Intermediate declined to $83.91, following negotiations focused on nuclear and economic issues without discussing Iran's missile program. Global oil inventories remain low, which could still impact oil flow despite the agreement.
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