foreign minister announced that the two sides had reached an agreement to end the conflict and restore normal shipping operations through the strategically vital Strait of Hormuz.
According to Reuters, Brent crude futures fell $3.58, or 4.1%, to $83.75 per barrel by 12:04 a.m. GMT. U.S. West Texas Intermediate crude futures dropped $4.01, or 4.7%, to continue reading …