Sanctions & Embargoes #iran#peace deal
Iran Peace Deal to Reopen Strait of Hormuz: Oil, Jet Fuel, and Energy Prices Begin to Stabilize
The Iran-US peace deal signed on 18 June 2026 is set to reopen the Strait of Hormuz, lowering energy prices after months of war-driven inflation. UK petrol remains at 154.72p/litre, diesel 174.30p, while jet fuel prices have halved from war peaks but remain above pre-war levels. Deferred nuclear talks create uncertainty.
Jun 20, 2026 1 source