Oil prices fell sharply after reports of a peace deal between the US and Iran.
Brent crude dropped 4.68% to $83.24 per barrel, while WTI fell 5.03% to $80.61.
Analysts attribute the decline to expectations of increased supply.
Oil prices plummet sharply
Oil prices crash on US-Iran peace deal rumors: Brent at $83.24, WTI at $80.61 per barrel.
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