Markets Cheer US-Iran Deal as Crude Prices Retreat..

International crude oil prices witnessed a sharp decline, with the price of a barrel falling to $84. Market sentiment improved after reports of a peace agreement between the United States and Iran, reducing concerns over disruptions in global oil supply and trade routes.

Analysts believe crude prices could decline further if geopolitical tensions remain under control and supply conditions continue to improve. The drop in international oil prices may also provide relief to fuel markets and consumers worldwide in the coming weeks.