Brent crude oil price touches pre-Iran war lows after ceasefire deal (opens original article in a new tab)

Brent crude oil price fell to pre-Iran war levels as a ceasefire deal boosted global supply outlook.

• Brent crude oil price fell to pre-Iran war levels after a ceasefire deal
• Brent crude futures dropped $1.85 or 2.33% to $77.69 per barrel
• The deal includes a 60-day negotiation period for Strait of Hormuz reopening