Energy & Petrochemicals #iran#middle east
Middle East Peace Deal: Iran to Resume Oil Exports as Brent Crude Plunges Below $78
The US and Iran are set to sign an interim memorandum of understanding, allowing Iran to immediately resume oil exports and access a $300 billion economic development programme. Brent crude dropped below $78/barrel, falling 15% over four sessions, as markets price in increased supply from the reopening of the Strait of Hormuz.
Jun 17, 2026 1 source