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.

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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