Market Samachar

Oil falls as supply moves through Strait of Hormuz after Iran war pact

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Brent crude futures fell 0.54% to $79.42 per barrel, while U.S. West Texas Intermediate crude slipped 0.22% to $76.43. This decline follows increased oil supply movement through the Strait of Hormuz after a recent Iran war pact, easing market concerns and pushing prices down.

• Brent crude drops 0.54% to $79.42.
• WTI slips 0.22% to $76.43.
• Iran war pact boosts supply.

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