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Oil Prices Plunge Over 5% After US‑Iran Peace Deal Opens Hormuz Strait
Stocks Market
•June 15th, 2026

Oil Prices Plunge Over 5% After US‑Iran Peace Deal Opens Hormuz Strait

Benchmark crude oil fell more than 5 % on Monday, touching $80 a barrel – the lowest level in two months – after Washington and Tehran sealed a peace agreement that promises to end Middle‑East hostilities and reopen the strategic Strait of Hormuz. President Donald Trump warned that shipments from th...

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