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Oil Holds Near Three-Month Low as Iran Deal Seen Boosting Supply

Bloomberg Markets · Jun 16, 2026, 10:03 PM · Also reported by 4 other sources

Oil held near a three-month low on expectations that a US-Iran deal to reopen the Strait of Hormuz will unleash a wave of supply.

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Pakistan Observer US Ends Two-Month Naval Blockade on Iran Ahead of Deal Signing The Hindu The long-term implications of the U.S.-Iran deal The Hill The Memo: Clouds darken over Trump’s Iran deal The Hill 5 reasons Trump allies don't like his Iran deal

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Oil Holds Near Three-Month Low as Iran Deal Seen Boosting Supply

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