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Oil prices fell in early trading after the US and Iran signed an interim agreement that would end the war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy supply disruption in history, Reuters reports.
Brent crude futures were down 89 cents, or 1.12 per cent, at $78.66 a barrel as of 0005 GMT, and US West Texas Intermediate fell 98 cents, or 1.28pc, to $75.81 a barrel.
