Pakistan, June 17 -- Global crude oil prices fell to their lowest levels in three months following the Iran-US agreement. The decline extended recent losses in energy markets and raised hopes of improved supply conditions. The development is significant for oil-importing countries, businesses, and consumers worldwide.

Market sentiment remained positive after the agreement between Iran and the United States reduced concerns over potential supply disruptions. Investors responded by lowering risk premiums that had supported higher oil prices during regional tensions. As a result, benchmark crude prices continued their downward trend.

British Brent crude dropped by $3.20 per barrel, bringing its price to $79 per barrel. Meanwhile, US West T...