Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran.
June 16, 2026
Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran.
Brent North Sea crude, the international benchmark, dropped 3.8 percent to $79.99 a barrel, dipping under $80 for the first time since early March.
The main US oil contract, West Texas Intermediate, slid 3.9 percent to $77.61 a barrel.
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Oil prices ease to 3-month low on US-Iran deal optimism
Brent oil falls below US$80 with US-Iran deal set to add supply
Brent crude falls to $80 as markets react to Iran-US peace deal
Oil drops below $80 on US-Iran deal
Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
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Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz | OilPrice.com
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
Oil prices slid further to mark a three-month low on Tuesday on optimism over the expected reopening of the Strait of Hormuz…
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Brent crude fell nearly 5% to around $83 a barrel after ending last week at a three-month low, while West Texas Intermediate…
