Oil prices tumble 4% as Trump announces US-Iran deal, Hormuz reopening; Brent falls below $85
Oil prices fell to their lowest levels since March on Monday after US President Donald Trump declared the Iran deal “complete” and announced the “immediate toll-free reopening of the Strait of Hormuz”, easing fears over disruptions to one of the world’s most important energy shipping routes.Brent crude futures dropped $3.58, or 4.1%, to $83.75 a…
