US and Iran Sign Agreement to Reopen Strait of Hormuz, Oil Prices Waver

The United States and Iran have signed an agreement to end their conflict and reopen the Strait of Hormuz to oil tanker traffic, a development that led to wavering oil prices. Brent crude settled 0.4% higher at $79.85 per barrel, while the U.S. benchmark crude fell 0.2% to $75.85 per barrel.