Oil prices hit three-month low and markets rally amid Iran deal breakthrough
Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crude Business live – latest updates Middle East crisis: live updates Global oil prices have tumbled to a three-month low and stock markets rallied 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 5% to below $83 (£62) a barrel as the new trading week began, amid optimism that the strait of Hormuz could re
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Oil prices fell after the announcement of a US-Iran peace deal, amid hopes the strait of Hormuz would soon reopen to commercial shipping. Photograph: AFP/Getty ImagesView image in fullscreenOil prices fell after the announcement of a US-Iran peace deal, amid hopes the strait of Hormuz would soon reopen to commercial shipping. Photograph: AFP/Getty ImagesOilOil prices hit three-month low and markets rally amid Iran deal breakthroughDonald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crude Business live – latest updates Middle East crisis: live updates Jillian Ambrose, Jonathan Barrett and Lauren AlmeidaMon 15 Jun 2026 11.12 EDTFirst published on Mon 15 Jun 2026 00.06 EDTSharePrefer the Guardian on GoogleGlobal oil prices have tumbled to a three-month…
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