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geopoliticsbearishWTIPublished Jun 15, 2026, 6:00 AM

US-Iran Reach Tentative Peace Deal to End Conflict

US-Iran Reach Tentative Peace Deal to End Conflict
The US and Iran agreed to a draft memorandum of understanding for a peace deal including reopening the Strait of Hormuz and an oil sanctions waiver, with signing set for Friday. Oil prices slipped sharply, with Brent falling to near two-month lows on de-escalation hopes.

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