Oil Prices Fall After US-Iran Deal Announcement
Oil prices fell after US, Iranian, and Pakistani leaders announced an agreement between Washington and Tehran. Brent and WTI both dropped by about 4% and were trading below $84 and $81 a barrel, respectively.
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- Oil prices fell after an announced US-Iran agreement.
- Donald Trump, Majid Takht-Ravanchi, and Shehbaz Sharif made the announcements.
- Brent crude fell 4.02% to about $83.82 a barrel.
- WTI fell 4.63% to about $80.95 a barrel.
Oil prices dropped after announcements that the United States and Iran had reached an agreement. The statements were made by US President Donald Trump, Iran's Deputy Foreign Minister for Political Affairs Majid Takht-Ravanchi, and Pakistan's Prime Minister Shehbaz Sharif.
Brent crude was trading at about $83.82 a barrel after falling roughly 4.02%. West Texas Intermediate, or WTI, was trading at about $80.95 a barrel after declining about 4.63%.
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