Oil price falls to levels not seen since before Iran war (opens original article in a new tab)

Oil prices fell to levels not seen since before the Iran war as traffic through the Strait of Hormuz resumes. Brent crude briefly dropped below $72.48 a barrel, then rose to $72.63. US and Iran signed a Memorandum of Understanding to negotiate on Iran's nuclear programme and other measures to end the war.

• Oil prices fell to levels last seen before the Iran war as traffic through the Strait of Hormuz resumes.
• Brent crude briefly dropped below $72.48 a barrel, then rose to $72.63.
• US and Iran signed a Memorandum of Understanding to negotiate on Iran's nuclear programme and other measures to end the war.