MAEXO
geopoliticsbearishWTIPublished Jun 16, 2026, 2:00 PM

Oil prices fall sharply on US-Iran deal progress

Oil prices fall sharply on US-Iran deal progress
Brent crude dropped over 3-4.8% to multi-month lows as the tentative US-Iran agreement eases supply concerns from the Strait of Hormuz; prices reached levels last seen in early March 2026.

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