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Optimistic
Article The Guardian Business

Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens

The Guardian Business June 15, 2026 · 1:13 pm Read Original
Bullish 62.5
−100 Bearish 0 +100 Bullish
Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpilesOil prices hit three-month low and markets rallyBusiness live – latest updatesAfter more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief.Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz to tankers carrying millions of barrels of oil and gas, the price of Brent crude tumbled to lows of $83 a barrel. Wholesale gas prices fell about 6%. Continue reading...

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Article Info
Source The Guardian Business
Published Jun 15, 2026 · 1:13 pm
Article ID 3c0jswr
Original URL Open source
Sentiment Signal
Bullish 62.5
−100Neutral+100
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