Oil’s war premium is gone — but US-Iran deal may have locked in a higher floor for crude

US-Iran peace deal drops oil prices, with crude unlikely to hit new highs soon. New all-time high by June 30 at 0.8% YES.

Dubai crude premiums fall to $2.06, matching pre-war levels after the US-Iran framework deal, but oil prices remain $10-20 above pre-conflict benchmarks.

Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was…