Wall Street Journal | Oil Prices Drop as Iran, West Reach Framework on Nuclear Agreement Wall Street Journal The prospect of increased Iranian crude exports has weighed on oil prices, which have already plunged more than 50% since June due to a global glut of oil. The market is currently oversupplied by between one and 1.5 million barrels a day, according to ... Iran deal's long-term impact on oil prices uncertain UPDATE 12-Oil falls nearly 4 pct after tentative nuclear deal for Iran Oil skids on Iran 'framework' deal; pares losses as talks continue |