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World / Europe

Oil prices drop to lowest level in three months following US-Iran deal

Published: 15 Jun 2026 - 06:10 pm | Last Updated: 15 Jun 2026 - 06:19 pm
File / Photo

File / Photo

QNA

London: Oil prices fell to their lowest levels in three months on Monday, June 15, 2026, following the declaration of a preliminary agreement to end the war in the Middle East and resume navigation through the Strait of Hormuz.

Brent crude futures fell USD 4.47, or 5.1 percent, to USD 82.86 per barrel.

West Texas Intermediate (WTI) crude also fell USD 4.90, or 5.8 percent, to USD 79.98 per barrel.

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