Pakistan, June 25 -- Global crude oil prices declined by more than five percent during trading on Wednesday, extending recent losses in international energy markets. The decline follows the Iran-US agreement reached in Switzerland, which has eased concerns about supply disruptions. Lower oil prices could affect energy markets, inflation trends, and fuel costs worldwide.

During trading, Brent crude fell to around $73 per barrel, while West Texas Intermediate crude traded near $70 per barrel. UAE Murban crude was reported at approximately $66 per barrel. The sharp decline reflected growing investor confidence in improving stability across key oil-producing regions.

Market sentiment has improved since the agreement between Iran and the Uni...