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Oil falls to lowest since start of Iran war after ceasefire deal signed
Key takeaways
- Oil falls to lowest since start of Iran war after ceasefire deal signed FILE PHOTO: Ships and boats in the Strait of Hormuz, Musandam, Oman, April 22, 2026.
- More from Yahoo Scout What caused oil prices to fall 2% today?
- How will the U.S.-Iran deal affect global oil supply?
Oil falls to lowest since start of Iran war after ceasefire deal signed FILE PHOTO: Ships and boats in the Strait of Hormuz, Musandam, Oman, April 22, 2026. REUTERS/Stringer/File Photo · Reuters By Robert Harvey and Anushree Mukherjee Thu, June 18, 2026 at 8:33 PM GMT+7 2 min read CL=F By Robert Harvey and Anushree Mukherjee
LONDON, June 18 (Reuters) - Oil prices fell almost 3% on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the conflict, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook.
More from Yahoo Scout What caused oil prices to fall 2% today?
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