Oil prices have dropped below $80 per barrel for the first time since March, as easing Middle East tensions and hopes of a US-Iran deal improve market sentiment.
At 7:00am IST today, West Texas Intermediate (WTI) crude was trading at $76.46 per barrel
Jun 17, 2026
09:28 am
What's the storyOil prices have started to cool off, falling below $80 per barrel for the first time since early March.
The decline comes after a US-Iran peace deal was announced earlier this week, raising hopes of renewed oil flows through the Strait of Hormuz.
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