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Brent oil price drops under $80 on US-Iran deal
World News
16-06-2026 | 07:53
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Brent oil price drops under $80 on US-Iran deal
Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran.
Brent North Sea crude, the international benchmark, dropped 3.8 percent to $79.99 a barrel, dipping under $80 for the first time since early March.
The main U.S. oil contract, West Texas Intermediate, slid 3.9 percent to $77.61 a barrel.
AFP
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