BENGALURU/LONDON, June 19 : Brent crude fell on Friday after Israel and Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran.Brent crude futures were down 85 cents, or 1.1 per cent, at $79

PERTH, June 19 : Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the signing of the U.S.-Iran interim peace deal.Brent crude futures fell 54 cents, or 0.68 per cent, to $78.31 a barrel as of 0146 GMT. U.S.

Analysts expect the interim deal between Iran and the US to release more than 85 million barrels of oil stranded in the Middle East Gulf into global markets.

Analysts expect the interim deal between Iran and the US to release more than 85 million barrels of oil stranded in the Middle East Gulf into global markets.

The Iran-U.S. MOU enables Iran to claim fees for shipping in the Strait of Hormuz, reshaping regional maritime dynamics.

The Iran-U.S. MOU enables Iran to claim fees for shipping in the Strait of Hormuz, reshaping regional maritime dynamics.

Oil tankers sailed through the Strait of Hormuz and the United States said it lifted its blockade on Iran on Thursday as an interim deal ‌to end the war took effect, though key issues are still unresolved between the two countries. Oil prices dropped to their lowest level since the…