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Economics9d 0h ago
Crude oil prices fell for the second consecutive session on Wednesday, slipping below the key USD 80 per barrel mark after the announcement of a preliminary US-Iran truce agreement earlier this week.
Switzerland
Who
Manav Modi, Commodities Analyst at Motilal Oswal Financial Services
What
Crude oil prices fell for the second consecutive session on Wednesday, slipping below the key USD 80 per barrel mark after the announcement of a preliminary US-Iran truce agreement earlier this week.
When
Wed, 17 Jun 2026 07:20:24 GMT · 9d 0h ago
Where
Switzerland ·
Why
Crude oil prices could remain capped near current deflated levels and inflation pressure may stay in check if the US -Iran truce holds and the Strait of Hormuz reopens without disruption.
The Frontline Impact
How this affects you
A preliminary US-Iran truce agreement has led to crude oil prices falling below $80 per barrel, easing concerns about inflation. This development is influencing expectations for central bank monetary policy decisions, including the upcoming US Federal Reserve meeting.
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