Energy & Petrochemicals #crude oil#oil futures
Crude Oil Futures Decline on Expectations of Higher Global Supplies Following US-Iran Peace Deal
Crude oil futures fell on Wednesday morning on expectations of increased global supplies after a proposed US-Iran peace deal. The interim agreement, expected to be signed Friday, would allow Iran to sell oil and reopen the Strait of Hormuz. According to a Reuters report cited by The Hindu BusinessLine, the deal includes the US ending its blockade of Iran's ports.
Jun 17, 2026 1 source