Trump's Iran Deal Sends Oil Below $80

Trump said the U.S.-Iran deal is complete, promising Hormuz will reopen while oil prices fall below $80

Jun 15, 7:22 AM EDT Cross-checked across 6 sources

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"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.

Frame 1Trump said the U.S.-Iran deal is complete, promising Hormuz will reopen while oil prices fall below $80.
Frame 2Reopening Hormuz would ease war-risk premiums on tankers moving through the strait's chokepoint.
Frame 3U.S. crude futures fell 5.5% to $80.15 by 5:40 a.m. ET before paring losses.
Frame 4Brent was about 5.1% lower at $82.87 after swinging from below $85 to above $89.
Frame 5European energy shares fell too: Stoxx 600 Energy dropped 2.3%, and London energy shares fell 4%.
Frame 6No toll system and blockade end must match real tanker movement through Hormuz.

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Reporting: Cross-checked across 6 sources
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Published: Jun 15, 7:22 AM EDT
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