[Brent Crude Falls Below $80 as U.S. and Iran Near Hormuz Strait Agreement] According to Bloomberg, Brent crude prices in London dropped by approximately 3.9%, falling below the $80 per barrel mark, influenced by expectations of a temporary agreement between the U.S. and Iran to reopen passage through the Hormuz Strait, set to be signed in Switzerland. The text of the agreement has not yet been disclosed by Washington or Tehran, but the market anticipates that the restoration of smooth passage through this critical Middle Eastern waterway will lead to increased supply, putting downward pressure on oil prices.