U.S. crude oil falls nearly 5% after Trump says U.S. and Iran complete deal to open Strait of Hormuz

U.S. crude oil falls nearly 5% after Trump says U.S. and Iran complete deal to open Strait of Hormuz

Trump announces U.S.-Iran deal to reopen Strait of Hormuz; crude falls 4.8% to $80.80/barrel, official signing June 19. Restoring 20% of global oil supply cuts data center energy costs and reduces capex volatility for cloud infrastructure budgets.