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Oil Steadies While Tankers Openly Enter Hormuz After Peace Deal

Bloomberg Markets · Jun 23, 2026, 3:39 PM · Also reported by 2 other sources

Oil steadied while tankers become more overt in transiting the Strait of Hormuz following an agreement between Iran and the US to end their conflict. Ellen Fraser, Partner and Energy expert at Baringa Partners, discusses the recent moves in oil as the US greenlights Iran to sell on the open market.

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Also covered by

BBC World Dozens of ships head through Strait of Hormuz after US-Iran deal Euronews Armenia and Azerbaijan agree landmark internet deal as peace process continues

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