Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.

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.