Oil prices have fallen to their lowest level since March, with Brent crude dropping below $80 per barrel as traders analyze the implications of the newly announced US-Iran peace deal. The agreement, which includes the reopening of the Strait of Hormuz for shipping, has sparked hope among investors, contributing to a surge in US stock markets. The Dow Jones saw a record close, while energy experts suggest that it may take considerable time for oil and gas supplies to return to normal levels. Despite the immediate drop in oil prices amid expectations of increased supply, analysts caution that the long-term effects on prices and inflation remain uncertain. Meanwhile, tech stocks, including SpaceX, have rallied, pushing the markets higher as optimism grows around the cessation of energy turmoil.