68
Markets8h 56m ago

Oil prices fell after oil tankers began moving through the Strait of Hormuz following the signing of the US-Iran interim peace deal, signaling increased supply.

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Strait of Hormuz

Who
US, Iran, oil tankers, Saudi-flagged vessels, Kuwait Petroleum Corp, Iraq's Oil Minister Basim Mohammed, US President Donald Trump
What
Oil prices fell after oil tankers began moving through the Strait of Hormuz following the signing of the US-Iran interim peace deal, signaling increased supply.
When
Fri, 19 Jun 2026 01:46:00 GMT · 8h 56m ago
Where
Strait of Hormuz ·
Why
The US-Iran interim peace deal led to the lifting of US sanctions on Iranian oil and the resumption of tanker traffic, increasing global oil supply.
The Frontline Impact

How this affects you

Brent crude futures fell 0.68 per cent to US$78.31 a barrel, and US West Texas Intermediate crude slipped 0.60 per cent to US$76.14 a barrel, with analysts expecting over 85 million barrels of oil to be released into global markets.

Story chain

7 events in this thread
  1. Markets8h 34m ago
    US forces removed the naval blockade on Iran, paving the way to open the Strait of Hormuz, as part of a peace agreement aimed at ending the war in the Middle East.
    Open article
  2. Currently Reading8h 56m ago
    Oil prices fell after oil tankers began moving through the Strait of Hormuz following the signing of the US-Iran interim peace deal, signaling increased supply.
  3. Markets12h 40m ago
    A peace deal between the US and Iran took effect, leading to the reopening of the Strait of Hormuz and subsequent market reactions.
    Open article
  4. Markets12h 40m ago
    Wall Street stocks and bonds rose after an interim peace deal between the US and Iran took effect, leading to the reopening of the Strait of Hormuz and easing inflation concerns.
    Open article
  5. Markets13h 8m ago
    US forces formally lifted their blockade of Iranian ports, in accordance with the President’s direction, as part of an emerging US-Iran peace deal.
    Open article
  6. Markets13h 40m ago
    U.S. stocks rallied and crude prices dropped as supertankers sailed through the reopened Strait of Hormuz hours after U.S. President Donald Trump signed a peace deal with Iran.
    Open article
  7. Markets14h 42m ago
    US markets, including the S&P 500 and Nasdaq, recovered mid-week losses on Thursday, June 18, led by chip stocks following the formal signing of a peace deal between the US and Iran, while Accenture stock fell 18%.
    Open article

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