Iran Deal Drops Oil Prices

Crude oil prices fell early Tuesday amid the announcement of a nuclear deal with Iran and six world powers. Both the West Texas Intermediate (WTI) and Brent crude oil future benchmarks dropped as much as 2 percent in early trading, or more than a dollar per barrel. WTI, the main United States benchmark, went as low as $50.90 per barrel shortly before 7 a.m., and Brent, the international price, hit $56.76. Both recovered slightly after their drops/ The Hill . More here.