Oil prices hit three-month low — Live Feedhttps://www.live-feeds.com/feed/oil-prices-hit-three-month-lowContinuously updated, source-cited coverage. Oil prices drop to three-month low as US-Iran deal sparks market rallyhttps://www.live-feeds.com/feed/oil-prices-hit-three-month-lowhttps://www.live-feeds.com/feed/oil-prices-hit-three-month-low#u1707Tue, 16 Jun 2026 20:56:55 +0000Crude prices hit their lowest levels in over three months Monday and Tuesday after a US-Iran agreement to lift a blockade on Iranian ports and reopen the Strait of Hormuz. Markets reacted sharply, with Brent crude falling below $80 per barrel. Shipping industry leaders remain cautious about the speed of transit resumption, while traders assess the deal’s full impact. Analysts warn against overestimating the immediate price moderation effect.What's confirmed:Brent crude prices dropped to their lowest point in over three months on Monday and Tuesday following the announcement of a US-Iran peace