Brent oil price drops under $80 on US-Iran deal
Published on: June 16, 2026, 7:04 p.m. | Source: The Economic Times
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. "Traders are pricing in the reopening of the Strait of Hormuz as the most immediate and positive result of any peace deal," said David Morrison, senior market analyst at broker Trade Nation.
