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Updated on: June 15, 2026 / 4:00 AM EDT
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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.
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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Updated on: June 15, 2026 / 4:00 AM EDT
/ CBS News
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