US-Iran peace deal drops oil prices, with crude unlikely to hit new highs soon. New all-time high by June 30 at 0.8% YES.

Oil prices dropped, while markets cheered apparently progress after Donald Trump said an agreement with Iran had been reached and the US would end its naval blockade on the…

Oil prices fell sharply as President Trump announced a US-Iran deal ending the naval blockade, with Brent crude dropping 3.9% to $84 a barrel, its lowest since March.