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geopoliticsbearishWTIPublished Jun 16, 2026, 6:00 AM

Oil Prices Tumble on Iran Deal Hopes as Stocks Soar

Oil Prices Tumble on Iran Deal Hopes as Stocks Soar
Oil prices dropped sharply and global stocks jumped following reports of a US-Iran peace deal and potential Hormuz reopening; Brent and WTI futures fell amid reduced supply disruption fears.

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