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Oil drops to $80 a barrel and markets rise as Trump touts peace agreement with Iran

Euronews · Jun 15, 2026, 8:09 AM · Also reported by 4 other sources

Why this matters: an international story with cross-border implications worth tracking.

Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the deal with Iran and the reopening of the Strait of Hormuz.

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Also covered by

NY Times How Trump’s Fragile Agreement With Iran Is Shaping the Midterms Pakistan Observer Iran Says US Must Honor Commitments for Peace Deal to Hold Financial Times Holiday bookings surge in markets hit by Iran crisis France 24 Iran claims Lebanon 'main topic' at peace talks with US

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