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geopoliticsbullishWTIPublished Jun 21, 2026, 6:00 AM

US-Iran Initial Deal to End War, Ease Sanctions, Reopen Strait of Hormuz

US-Iran Initial Deal to End War, Ease Sanctions, Reopen Strait of Hormuz
US and Iran reached an initial agreement for Tehran to dilute enriched uranium, waive sanctions allowing oil sales, and reopen the Strait of Hormuz amid ongoing talks in Switzerland; oil prices fell as supplies begin moving through the waterway.

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