Live: ASX slips, oil plunges to three-month low on reports US to scale back Iran sanctions (opens original article in a new tab)

Oil prices dropped to a three-month low as reports suggest the US will ease sanctions on Iran, allowing oil sales, while the ASX is expected to slip following losses on Wall Street.

• Oil prices fell to a three-month low as US reports indicate rolling back sanctions on Iran to allow oil sales.
• ASX futures declined 0.2% as markets anticipate losses from Wall Street's tech sector downturn.
• Brent crude oil dropped 4.4% to $79.49 per barrel, while WTI fell 5% to $76.73 per barrel.