Oil Falls 4% as U.S. and Iran Reopen Strait of Hormuz
June 15, 2026·about 2 hours ago·via The Economic Times
Oil is slipping sharply as the U.S. and Iran reach a peace deal that reopens the Strait of Hormuz. The route is a crucial global energy chokepoint, so any easing in tensions quickly hits crude prices. The move deepens a selloff already tied to lower geopolitical risk. Markets are now reassessing the outlook for supply and demand. Read more about this...