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War & Conflict10d 2h ago
Brent crude futures dived below US$80 on June 17, following news that Iranian fuel may soon hit global markets.
Singapore
Who
US official, Kim Fustier, Xiao Cui
What
Brent crude futures dived below US$80 on June 17, following news that Iranian fuel may soon hit global markets.
When
Wed, 17 Jun 2026 02:51:00 GMT · 10d 2h ago
Where
Singapore ·
Why
A senior US official stated that sanctions on Iranian oil would be waived under a deal to end the US-Iran war, raising prospects of additional oil supply.
The Frontline Impact
How this affects you
The anticipated return of Iranian oil supply has caused a significant drop in crude prices, offering inflation relief and pushing bond yields down globally. This development signals a potential shift in global energy markets and economic forecasts.
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