Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement with Iran.

Stock markets rallied and government borrowing costs also fell as reports surfaced of a proposed memorandum between the Iran and the US.

Oil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agreement to de-escalate tensions in the…

Oil prices fell to a three-month low after the US and Iran's peace deal