Oil prices down more than 4% after US-Iran deal to open Hormuz

TOKYO, Japan —Oil prices plunged more than four percent Monday after the United States and Iran announced they had reached a peace agreement to end months of a war that had roiled energy markets. West Texas Intermediate was down 4.39 percent at $81.15 a barrel in Tokyo after mediator Pakistan said the United States and Iran agreed to a peace deal and an “immediate and permanent” end to military operations on all fronts, including Lebanon. READ: Fuel price alert: Gasoline down, diesel up next week “The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump […]... Keep on reading: Oil prices down more than 4% after US-Iran deal to open Hormuz