Oil Prices Settle at Three-Month Low After Trump Announces Iran War Deal
Oil prices fell to their lowest levels in over three months after President Donald Trump announced a memorandum of understanding with Iran aimed at ending the war and reopening the Strait of Hormuz. The deal, signed by U.S. officials and Iranian parliament speaker Mohammad Bagher Qalibaf, is expected to normalize oil supply flows through this critical chokepoint.
Topics: geopolitics international_relations oil