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PoliticsLeadership·15 June 2026

Oil falls to 3-month Low As U.S, Iran Agree to Reopen Hormuz

Reported by Leadership on 15 June 2026. Read the summary below, then continue to the full story.

NA
Nse Anthony-Uko
Leadership
Summary

Oil prices fell to their lowest level in three months on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial agreement to end hostilities and reopen shipping through the Strait of Hormuz. Reuters reports that by 06:30 GMT, Brent crude was down $3.65, or 4.2 per cent, []

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Originally reported by Leadership
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