Brent slips to $77.69 a barrel, its lowest since Feb. 27, after U.S.-Iran ceasefire deal

The United States and Iran reached a 14-point preliminary agreement that sets a 60-day negotiation period and allows toll-free passage through the Strait of Hormuz, aiming to restore full capacity within 30 days. Brent crude futures fell to $77.69 a barrel, their lowest since Feb. 27, while WTI slid to $74.90, its lowest since March 4. Goldman Sachs expects Gulf exports to return to prewar levels by end-July, and BNP Paribas sees $75 a barrel as a durable near-term floor.