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geopoliticsbullishWTIPublished Jun 15, 2026, 2:00 PM

US and Iran reach tentative deal to end war, reopen Strait of Hormuz

US and Iran reach tentative deal to end war, reopen Strait of Hormuz
The United States and Iran reached an initial agreement on June 14-15, 2026, to extend their ceasefire and reopen the Strait of Hormuz, though challenges remain including Israeli operations in Lebanon. Oil prices tumbled as much as 5% while equity futures jumped on the news.

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