Global oil prices hit 3-month lows after Pakistan announced a US-Iran peace deal. WTI crude fell to $84-$87 as crypto markets rallied on improved sentiment.

Oil prices hit a two-month low as US benchmark WTI crude fell nearly 3%, following Donald Trump's statement about a potential peace agreement with Iran this weekend.

By Isabel Wang and Myra P. Saefong

By Isabel Wang and Myra P. Saefong