Oil Prices Fall Further as Iran–US Agreement Eases Supply Concerns

Global crude oil prices declined further in international markets following reports of a breakthrough agreement between the United States and Iran, easing fears of supply disruptions.

According to market data, crude oil prices dropped by nearly 2 percent amid expectations of improved geopolitical stability in the Middle East.

Brent crude was trading at around **$77 per barrel**, while **West Texas Intermediate (WTI)** stood at approximately **$73 per barrel**. The UAE’s Murban crude was also recorded at about **$69 per barrel**.

Analysts noted that Brent crude has now fallen to its lowest level since the escalation of tensions following the Iran-related conflict, reflecting reduced risk premiums in the energy market.

Traders say the easing of tensions between Washington and Tehran has reassured markets, leading to a downward adjustment in oil prices as concerns over potential supply disruptions in the region diminish.

Market observers will continue to monitor developments closely, as any shift in the US–Iran understanding could once again impact global crude price movements.