US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant drops Middle East crisis: live updates Peace deal between US and Iran announced, with strait of Hormuz expected to reopen What do we know about the US...

Source: [Guardian World](https://www.theguardian.com/business/2026/jun/15/oil-prices-fall-strait-of-hormuz-reopening-hopes-iran-us-peace-deal)

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