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Oil Slumps as Trump Says Iran Deal Agreed and Hormuz to Reopen
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Oil Slumps as Trump Says Iran Deal Agreed and Hormuz to Reopen

Bloomberg Markets · Jun 14, 2026, 10:01 PM · Also reported by 4 other sources

Oil dropped after President Donald Trump said a deal with Iran was complete, potentially allowing the Strait of Hormuz to reopen.

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Also covered by

Fortune Trump says a deal has been reached with Iran and orders end to U.S. naval blockade as Hormuz to reopen — ‘Ships of the World, start your engines’ Al Jazeera US-Iran ceasefire deal announced, Trump says Strait of Hormuz reopening Investing.com Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz Forbes Trump Says Iran Peace Deal ‘Complete’—Ends Strait Of Hormuz Blockade

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