Oil prices dropped on Sunday after President Trump announced a US-Iran agreement to end the naval blockade.
Brent crude fell 3.9% to about $84 a barrel, the lowest since early March.
Experts warn prices could stay elevated as damaged facilities are repaired and reserves refilled.
AI-generated summary was reviewed by a CNN editor.
Oil prices sank Monday, hitting their lowest levels in more than three months, after the United States and Iran said they had reached an agreement that would end a US blockade of Iranian ports and reopen the vital Strait of Hormuz.
