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Iran Deal Aims to Open Hormuz Strait, Impacting Oil Prices

Updated 2026-06-15 09:10 UTC 1 source Neutral

The U.S. has finalized a deal with Iran that is expected to open the Hormuz Strait, potentially impacting global oil prices and markets. President Trump announced the completion of the agreement on Truth Social.

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CNBC

U.S. crude drops below $80 for the first time since March as Iran deal is set to open Hormuz Strait

"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.

2026-06-15 07:38 UTC