The international price of oil has fallen below $80 a barrel after the United States and Iran announced the signing of their agreement. Prices are now hovering at levels last recorded in early March, before the American and Israeli strikes on Iran began.
Brent crude, the international benchmark, is trading at around $77 a barrel, a daily fall of 2.15%. It is down close to 14% over the week and 30% lower than a month ago, putting Brent at a level last seen on 4 March 2026.
American WTI crude is trading at $75 a barrel, down 2.5% on the day, nearly 15% over the week and 28% cheaper than a month ago, a level last recorded on 2 March 2026.
European natural gas, measured by the TTF benchmark, has also fallen, down 4.4% on the day to €40.11 per megawatt hour. The price is down 19% over the week and 22.5% over the month.
Source: CNA
