Oil prices fall to three-month low ahead of US-Iran agreement

Middle East Eye · June 16, 2026 Sanctions

Oil prices fall to three-month low ahead of US-Iran agreement Oil prices have fallen sharply to their lowest levels in three months, as markets reacted positively to the anticipated signing of a formal agreement between Washington and Tehran later this week. Brent crude futures dropped $3. 29, or 4 percent, to $79.

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