The interim agreement, expected to be signed on Friday, would grant Tehran significant economic incentives, including the immediate ability to resume oil sales
Brent crude traded below $80 a barrel after tumbling 15% over the past four sessions, marking its longest losing streak of the year. U.S. benchmark West Texas Intermediate was trading close to $77 a barrel.
Crude prices have eased in recent weeks as expectations of a resolution to the conflict between Washington and Tehran have cooled concerns over supply shortages. Energy producers, shipping firms and traders are now evaluating the durability of the agreement and the timeline for the full resumption of vessel traffic through the Strait of Hormuz
