Oil slips again as US, Iran sign peace deal (opens original article in a new tab)

Oil prices declined following a U.S.-Iran peace agreement that aims to reopen the Strait of Hormuz and lift sanctions on Iranian oil, leading to concerns about potential supply gluts.

• Oil prices fell after U.S. and Iran signed a peace deal
• Brent crude futures dropped 1.12% to $78.66 a barrel
• U.S. West Texas Intermediate fell 1.28% to $75.81 a barrel