Oil Prices Fall as US Ends Naval Blockade in Deal with Iran, Trump Announces

Oil prices dropped on Sunday after US President Donald Trump announced an agreement with Iran, which will lead to the lifting of a naval blockade on the country. The move is expected to ease tensions between Washington and Tehran. As a result, Brent crude oil prices fell by around $2 per barrel, according to market analysts. The agreement marks a significant shift in US policy towards Iran following years of escalating tensions.