Tag Gas prices relief

Large tanker ship sailing toward a golden sunrise on open water, with a narrow strait and hills in the distance.

Energy & Resources, Global Trade, Middle East

Hormuz Reopens: What Is Really in the US Iran Ceasefire Deal

The US Iran ceasefire deal is real. Trump announced it at 3:57 AM from France, markets soared, and oil fell 4%. The Strait of Hormuz reopens June 19 under a 60-day MOU. Israel is not on board. Iran and the U.S. describe two very different versions of the same agreement. The next 60 days will tell the real story.

Admin
June 15, 2026

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Energy & Resources, Global Trade, Middle East

Oil Prices Fall as Markets Bet on a US-Iran Deal

Oil prices Iran deal headlines moved markets again on Friday. Brent fell 3.37% to $87.33, WTI fell 3.23% to $84.88, down more than 6% for the week and nearly 20% for the month. Pakistan says a final peace deal text exists. Trump disputes Iranian reports on the terms. Markets are betting on a negotiated outcome.