Oil Prices Drop as the Hormuz Risk Premium Unwinds 🛢️📉
Oil fell to its lowest level since March after the US and Iran announced an initial agreement aimed at ending the war and reopening the Strait of Hormuz
Brent fell 4 1% to $83
WTI fell 4 7% to $80
📉Both contracts had… pic.twitter.com/XOgQOR5l8G
— Jack Prandelli (@jackprandelli) June 15, 2026