Brent crude oil prices have fallen below $77 a barrel, reaching their lowest point in nearly three months, as markets respond to a new agreement between the US and Iran that could ease supply disruptions.

Brent crude drops over 5% to three-month lows near $82.84 as US-Iran MOU signals progress on reopening the Strait of Hormuz. Here's what it means for

Oil prices retreated on Monday after signs of progress in US-Iran negotiations eased fears of ongoing supply disruptions in the Strait of Hormuz, a critical global oil transit…