Oil down 2% after US, Iran sign ceasefire agreement (opens original article in a new tab)

Oil prices fell more than $1 per barrel after the U.S. and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and waive U.S. sanctions on Tehran’s oil.

• Oil prices fell more than $1 per barrel
• U.S. and Iran signed an interim agreement to end the Iran war
• Strait of Hormuz would be reopened and U.S. sanctions on Tehran’s oil would be waived