Crude Oil Prices Drop Amid US-Iran Peace Deal

Crude oil prices fell to a 3.5-month low as the Strait of Hormuz reopened following a preliminary peace deal between the US and Iran, increasing global oil supplies. The dollar index reached a 13-month high, further pressuring crude prices.

By Rich Asplund Thu, June 18, 2026 at 10:13 PM GMT+3 4 min read · Yahoo Finance · June 18, 2026, 19:13 UTC

Crude Oil Prices Drop Amid US-Iran Peace Deal

Tickers: $GS

Topics: crude oil global supply Strait of Hormuz US-Iran relations

Read the full article at Yahoo Finance

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