New york: Oil prices hit a three-month low Monday after the US and Iran reached an agreement to end the war. Global and US oil benchmarks are now both falling around 5% to their lowest levels since early March.
According to Emirates News Agency, Brent Crude fell roughly 5% to settle near $82.56 – $83.00 per barrel while WTI Crude slipped over 5% to about $79.71 – $80.21 per barrel.