Oil prices tumble amid hopes strait of Hormuz will soon reopen
Source: US news | The Guardian · Bias: Center Left
Summary
Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crudeMiddle East crisis: live updatesPeace deal between US and Iran announced, with strait of Hormuz expected to reopenWhat do we know about the US-Iran peace deal – and what questions remain?Global oil prices have tumbled amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market.The price of Brent crude dropped 4% to below $84 (£62) a barrel as the new trading week began in financial centres across Asia-Pacific, amid optimism that the strait of Hormuz could reopen shortly and bring a return of Gulf oil exports to the market. Continue reading...
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Daily Analysis
Read the full Parallax Pulse for June 15, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
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