Claims: Oil prices hit three-month low and markets reach record high amid Iran deal breakthrough
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- title: Oil prices hit three-month low and markets reach record high amid Iran deal breakthrough Source
- url: https://www.theguardian.com/business/2026/jun/15/oil-prices-fall-strait-of-hormuz-reopening-hopes-iran-us-peace-deal Source
- summary: Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crude Analysis: Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens Global oil prices have tumbled to a three-month low and stock markets closed at a record high amid fresh hopes that a US-Iran peace deal could end the greatest energy supply crisis in the history of the market. The price of Brent crude dropped about 4% to about $83 (£62) on Monday amid optimism that the strai… Source
- published: Mon, 15 Jun 2026 21:15:45 GMT Source