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2 sourcesJun 17, 2026

Oil dips as investors weigh deal on Iran war as uncertainty persists on Hormuz

Reuters - Oil prices inched lower on Wednesday, extending the previous session's ​declines as investors assessed the U.S.-Iran peace deal, though uncertainty over the full resumption of shipping through ‌the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while U.S. West Texas...

Ada Derana Biz•Jun 17, 2026
By Biz Editor
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What this story is about

People
  • Hormuz2
  • Hormuz Reuters - Oil
  • Masoud Pezeshkian
  • Donald Trump
  • Sarkar
Organisations
  • GMT2
  • Morgan Stanley
  • Suvro Sarkar
  • DBS Bank
  • Reuters
  • Brent
Places
  • United States2
  • U.S.-Iran2
  • Iran2
  • Strait of Hormuz
  • Strait of
  • Geneva
  • Strait
  • China
Keywords
  • weigh2
  • deal2
  • uncertainty
  • investors
  • persists
  • markets
  • return
  • supply
  • falls
  • peace

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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  • Oil falls as markets weigh return of supply, US-Iran peace dealAda Derana·Jun 16, 2026
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