The interim agreement, expected to be signed on Friday, would grant Tehran significant economic incentives, including the immediate ability to resume oil sales.

Crude oil prices fell over 4% to their lowest levels in over three months.

Oil prices dropped on Sunday after President Donald Trump said an agreement with Iran had been reached and the United States would end its naval blockade on the country.

Oil prices dropped significantly as President Trump and Iran's deputy foreign minister announced an initial deal to end the war and reopen the Strait of Hormuz. The agreement,…

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