Oil prices sink on signs of U.S.-Iran deal
Axios

Oil prices sink on signs of U.S.-Iran deal

Center Left

Crude oil prices dropped about $5 per barrel Sunday evening in the first major trading since the emergence of rough and tentative outlines of a deal to end the U.S.-Iran conflict.Why it matters: The throttling of the Strait of Hormuz is raising energy costs and weighing down economies worldwide — including the U.S., where average pump prices are about…