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Updated on: June 15, 2026 / 4:00 AM EDT
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Iran Updates: Trump says Strait of Hormuz will reopen Friday under deal agreed to with Tehran
The price of oil fell on Monday morning after President Trump announced the Strait of Hormuz will reopen under the terms of the agreement reached with Iran.
TL;DRAI
U.S.-Iran agreement ends military operations on all fronts; Strait of Hormuz reopens Friday, lifting naval blockade. Brent crude drops $4+ per barrel; reduced energy volatility and geopolitical uncertainty cut infrastructure cost pressures for IT managers.
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