Brent crude oil prices have dipped below $75 a barrel for the first time since the onset of the Middle East conflict. This unexpected decline occurred after a peace agreement between the United States and Iran was finalized last week, signaling a major change in the global oil landscape. The benchmark price experienced a notable 3.1 percent decrease, showcasing the market's strong response to the newfound resolution.

Markets eye durable truce before unwinding geopolitical risk premium in crude

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

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.