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geopoliticsbearishWTIPublished Jun 14, 2026, 6:00 AM

US-Iran peace deal progress drives oil prices lower

US-Iran peace deal progress drives oil prices lower
US and Iran agreed on wording for a deal to end their war with signing expected soon; President Trump called off planned strikes after earlier threats to hit Iran hard. Brent crude fell to its lowest since March on reduced fears of supply disruptions through the Strait of Hormuz.

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