Financial Mirror24 Jun 2026

US-Iran deal: word of caution for energy markets

The announcement of an interim agreement between the US and Iran has triggered an immediate and dramatic reaction in world energy markets.

Oil prices fell sharply, with Brent crude dropping below $80/b, as traders rushed to remove much of the geopolitical risk premium that had built up during more than three months of conflict and the effective closure of the Strait of Hormuz....

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