Brent oil price dips below $80 per barrel for first time since March

Global oil prices tumbled to a three-month low on Tuesday as the Iran peace agreement dominated the G7 meeting in France.

# Brent oil price dips below $80 per barrel for first time since March Global oil prices tumbled to a three-month low on Tuesday as the Iran peace agreement dominated the G7 meeting in France. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/16/us-iran-peace-agreement-oil-prices-tankers-strait-of-hormuz-transit.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*