Oil Prices Reach 3-month Low After US, Iran Reach Peace Deal

CAPITALS, (Pakistan Point News - 16th Jun, 2026) Oil prices hit a three-month low Monday after the US and Iran reached an agreement to end the war. Global and US oil benchmarks are now both falling around 5% to their lowest levels since early March.

Brent Crude Fell roughly 5% to settle near $82.56 - $83.00 per barrel while WTI Crude slipped over 5% to about $79.71 - $80.21 per barrel.