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

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