SINGAPORE: Oil prices slipped on Monday after US President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.51, or 4.02 percent, to $83.82 by 2203 GMT and US West Texas Intermediate was at $80.95 a barrel, down $3.93, or 4.63 percent.
Oil slips over 4 percent after US, Iran reach peace deal, reopen Strait of Hormuz
June 15, 2026 01:26
SINGAPORE: Oil prices slipped on Monday after US President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz.
Brent crude futures fell $3.51, or 4.02 percent, to $83.82 by 2203 GMT and US West Texas Intermediate was at $80.95 a barrel, down $3.93, or 4.63 percent.
Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz
Oil falls over 4% after US and Iran reach peace deal, to reopen Strait of Hormuz
Oil prices fall on US-Iran peace deal
Oil slips 4% as US and Iran reach peace deal to reopen Strait of Hormuz
Oil prices fall as US-Iran deal eases Strait of Hormuz supply fears
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz | OilPrice.com
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Oil prices fell sharply after the U.S. and Iran announced a deal to reopen the Strait of Hormuz.
