Oil prices fell on Thursday to their lowest since before the start of the Iran war at the end of February as an interim deal to end fighting, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook.
Brent crude futures were down $1.85, or 2.33%, at $77.69 a barrel at 11:15 a.m. CDT (1615 GMT), while U.S. West Texas Intermediate fell $1.89, or 2.46%, to $74.90 a barrel.
