Monday, June 15, 2026

BUSINESS_ Oil Prices Fall, Energy Stocks Slide as Iran Deal Raises Hopes of Strait of Hormuz Opening (Evgenia Filimianova - THE EPOCH TIMES)

THE EPOCH TIMES

Oil Prices Fall, Energy Stocks Slide as Iran Deal Raises Hopes of Strait of Hormuz Opening

Most oil and gas shipments through the Strait of Hormuz could resume by the end of the third quarter of 2026, analysts say.


A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 16, 2026. Timothy A. Clary/AFP via Getty Images

Evgenia Filimianova
6/15/2026|Updated: 6/15/2026

Oil prices fell, and global stocks rallied on June 15 after the United States and Iran agreed to end the conflict and reopen a key shipping route for energy supplies.

The agreement,
announced on June 14, includes the reopening of the Strait of Hormuz. President Donald Trump also said he had authorized the lifting of the U.S. naval blockade of Iranian ports as part of the deal.

Pakistani Prime Minister Shehbaz Sharif said both sides had agreed to the “immediate and permanent termination of military operations on all fronts, including in Lebanon.” A formal signing ceremony is scheduled for June 19 in Switzerland.

Financial markets reacted swiftly to the prospect of renewed energy flows from the Gulf.

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READ MORE: https://www.theepochtimes.com/business/oil-prices-fall-energy-stocks-slide-as-iran-deal-raises-hopes-of-strait-of-hormuz-opening-6048058?ea_src=frontpage&ea_med=section-1

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