Oil Prices Drop to Lowest Since March Amid US-Iran Ceasefire Deal

Brent crude and WTI fell by over 2% on June 18 as an interim ceasefire deal between the U.S. and Iran raised expectations of increased oil supply through the Strait of Hormuz. The agreement includes toll-free passage for 30 days, easing concerns about disrupted exports.

By Salong Debbarma Thu, June 18, 2026 at 5:09 PM GMT+3 2 min read · Yahoo Finance · June 18, 2026, 14:09 UTC

Oil Prices Drop to Lowest Since March Amid US-Iran Ceasefire Deal

Topics: geopolitical_event oil_prices strait_of_hormuz

Read the full article at Yahoo Finance

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