BREAKING | Oil Prices Tumble as Iran-US Peace Deal Hopes Grow; Brent Falls 3.4%, WTI Drops 3.2%

Global oil prices fell sharply after reports of an Iran-US peace agreement. Brent crude dropped 3.4% to $87.30 per barrel, while WTI crude declined 3.2% to $84.88, as traders priced in reduced geopolitical risk and the potential return of Iranian oil supplies to global markets.

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