Reuters: Oil drops to 3-month low after US-Iran deal

Reuters news agency reported that oil prices fell to their lowest levels in three months after U.S. President Donald Trump and the Iranian Deputy Foreign Minister announced that their countries had reached a preliminary agreement to end the conflict and resume navigation through the Strait of Hormuz. Additionally, Brent crude dropped to $82.86 per barrel, and West Texas Intermediate to $79.98, amid expectations of a slow restart of oil production and supplies from the region, which could lead to a market deficit in 2026.

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