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Oil prices drop after U.S.-Iran deal

U.S. officials say the Iran deal opens Hormuz as oil prices drop to March lows

Jun 15, 3:15 PM EDT Cross-checked across 7 sources

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Oil prices fell to March lows after U.S. officials announced an Iran agreement that could reopen the Strait of Hormuz and ease market pressure.

Frame 1U.S. officials say the Iran deal opens Hormuz as oil prices drop to March lows.
Frame 2Trump said the Strait of Hormuz blockade would end immediately, reopening an energy shipping route.
Frame 3Brent crude dropped more than 5% to $82.84, while WTI traded near $80.40 in U.S. markets.
Frame 4The Dow gained 530 points, the S&P 500 rose 1.4%, and Nasdaq climbed 2.3% on deal hopes.
Frame 5AAA data put U.S. gas at $4.06, down 46 cents in a month but still above prewar prices.
Frame 6Pakistan said signing is set for June 19; analysts warned missing terms could keep oil volatile.

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Reporting: Cross-checked across 7 sources
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Published: Jun 15, 3:15 PM EDT
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