Oil falls to lowest since start of Iran war after ceasefire deal signed

Oil prices have plummeted to their lowest levels since March, marking the most significant decline since the start of the Iran war. This sharp drop in market value follows the official signing of a ceasefire deal between the US and Iran. The agreement has directly influenced global energy markets, driving costs down to a multi-month low as geopolitical tensions ease following the formal resolution between the two nations regarding the ongoing conflict.