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Brent Oil Falls Below $80 With US-Iran Deal Set to Add Supply

Bloomberg Markets · Jun 16, 2026, 12:26 PM · Also reported by 4 other sources

Oil fell below $80 a barrel for the first time since early March as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply.

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The Hill Senate GOP has many questions about Trump’s Iran deal Yahoo Finance Oil Futures Extend Decline on Optimism About U.S.-Iran Deal The Hindu Iran says talks on final U.S. deal to begin this week ARY News Iran says talks on final US deal to begin this week

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Brent Oil Falls Below $80 With US-Iran Deal Set to Add Supply

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