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The Korea Times — Top Storieskoreatimes.co.kr

Oil falls 5% to 3-month low as US, Iran reach deal to reopen Strait of Hormuz (opens original article in a new tab)

TL;DR

Oil prices dropped 5% to a three-month low as U.S. and Iran reached a deal to end their conflict and reopen the Strait of Hormuz.

  • Oil prices fell 5% to a three-month low
  • U.S. and Iran agreed terms to end their war
  • Strait of Hormuz will be reopened
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