Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz

HOUSTON, June 15 : Oil prices slumped 5 per cent to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed terms to end their war and reopen the Strait of Hormuz. Brent crude futures fell $4.38, or 5.02 per cent, to $82.95 a barrel by 10:54 a.m. EDT (1455 GMT) and U.S. Wes

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