The price of U.S. crude oil fell to its lowest point since early March, but it’s still up 40% since the start of the year.

President Donald Trump said the deal will open up the Strait of Hormuz.

Many characterized the agreement as a breakthrough, which could lead to lower gas prices.

Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.

Trump Touts Iran Deal as Oil Prices Fall ...

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 ...

Petrol had hit new lows at the start of the year but the Middle East conflict looks set to push prices back up in a blow for motorists.

US oil prices have fallen to their lowest level since the start of the Iran war. Oil prices surged during the war as fighting shut down the Strait of Hormuz, but prices have declined in recent days as ...

US-Iran peace deal: Brent crude prices edged higher on Friday but remained on track for a weekly decline of nearly 8%, as a ceasefire agreement between Israel and Hezbollah eased some geopolitical con ...

Gas prices fall below $4 per gallon as oil prices drop after the Iran deal. Experts say gasoline could fall below $3 by the end of the year.

US-Iran peace deal: Brent crude futures had fallen 89 cents, or 1.12%, to $78.66 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 98 cents, or 1.28%, to $75.81 per barrel.

Oil prices fell to three-month lows after the U.S. and Iran signalled that a long awaited deal to end hostilities in Middle East had been signed.