Oil falls 5% to 3-month low as US, Iran reach deal to reopen Strait of Hormuz - The Korea Times

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…