Oil prices dropped to lows not seen since the early days of the war in Iran. Markets are trying to assess the impact of a fragile agreement between the United States and Iran — a memorandum of understanding that’s meant to lead to a more lasting peace deal. The MOU has now been released publicly, but major questions remain about how quickly it can restore confidence in global oil flows . News of the agreement sent North American oil prices plunging from roughly US$95 per barrel earlier this month to roughly US$75 on Thursday, their lowest point since early March. In our latest video, we unpack the reaction and what we actually know about the supply and demand dynamics in global oil markets . Is the rally over – or are we about to see another pop? • Email: dtrainer@postmedia.com Networking and dealmaking at Calgary's Global Energy ShowCanada's high oil price 'conundrum'