Oil Prices Keep Falling After U.S. And Iran Sign Deal To End The War And Reopen The Hormuz Strait

Oil prices kept falling on Thursday after the U.S. and Iran signed the memorandum of understanding to end the war and reopen the Strait of Hormuz.

Oil prices kept falling on Thursday after the U.S. and Iran signed the memorandum of understanding to end the war and reopen the Strait of Hormuz.

Brent crude, the international benchmark, fell more than 3% and dropped below $77 a barrel at 10:22 a.m. ET, while West Texas Intermediate, the U.S. benchmark, fell further and stood below $74 a barrel at the same time.