Arab News· 26d ago
BEIJING/SINGAPORE: Oil prices fell by more than $2 per barrel on Thursday after the US and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive US sanctions on Tehran’s oil, boosting the oil supply outlook. Brent crude futures were down $2.14, or 2.69 percent, at $77.41 a barrel as of 09:16 a.m. Saudi time, and US West Texas Intermediate fell $2.36, or 3.07 percent, to $74.43 a barrel.
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