Live Feeds
● LIVE Updated 31d ago · 50 sources tracked

Oil Prices Fall to Lowest Since War Began After Trump Signs Iran Deal

Global benchmark oil prices have fallen below $76 a barrel. This decline follows a peace agreement between the US and Iran to end the war and reopen the Strait of Hormuz. Increased tanker traffic is contributing to the lower costs.

RSS Source map (41)

What changed

Prices have dropped further to below $76 a barrel, which is lower than levels seen before the war began.

Live updates

  1. Global Oil Prices Drop Below Pre-War Levels After US-Iran Deal

    Global benchmark oil prices have fallen below $76 a barrel. This decline follows a peace agreement between the US and Iran to end the war and reopen the Strait of Hormuz. Increased tanker traffic is contributing to the lower costs.

    What's confirmed:

    • President Trump signed a peace deal with Iran to end the war.
    • The agreement includes the reopening of the Strait of Hormuz.
    • Global benchmark oil prices have fallen below $76 a barrel.
    • Oil tanker traffic through the Strait of Hormuz has increased.
    • Washington and Tehran signed a memorandum of understanding.

    Still unconfirmed:

    • More than 12 million barrels of oil have exited the Strait of Hormuz.
    • Trump is threatening fresh strikes on Iran.
    • Mines remain a threat to shipping in the Strait of Hormuz.
    confidence 95%

  2. Oil Prices Hit Three-Month Low Following US-Iran Peace Framework

    Oil prices dropped to their lowest level since March after President Trump signed a framework agreement with Iran to end the war. Crude prices fell below $80 per barrel as the deal to reopen the Strait of Hormuz took effect. Markets reacted with rising stocks in Japan, South Korea, and Taiwan.

    What's confirmed:

    • President Trump signed a framework agreement with Iran to end the war.
    • Oil prices reached their lowest level in more than three months at under $80 per barrel.
    • The agreement to reopen the Strait of Hormuz took effect immediately.
    • Brent crude dropped 2.3 percent.
    • Stock indices in Japan, South Korea, and Taiwan climbed.

    Still unconfirmed:

    • The war's impact will continue to affect the global economy for months.
    confidence 90%

  3. Oil Prices Hit Lowest Levels Since War Began Following US-Iran Deal

    Oil prices dropped sharply after President Trump signed an agreement with Iran to reopen the Strait of Hormuz. WTI crude fell over 5% on Monday as traders reacted to the prospect of restored energy supplies. Despite the decline, prices remain more than 10 percent higher than they were before the conflict began in late February.

    What's confirmed:

    • President Trump signed a deal with Iran to reopen the Strait of Hormuz.
    • WTI crude oil prices dropped over 5% on Monday.
    • Oil prices are still more than 10 percent higher than levels seen before Iran closed the Strait of Hormuz in late February.
    • Hundreds of ships remain stranded in the Persian Gulf.

    Still unconfirmed:

    • Higher prices for gas, groceries, and flights will outlast the Iran war.
    • Oil prices will stay high for months regardless of the deal.
    • G7 leaders called for an immediate ceasefire in Lebanon to secure the US-Iran deal.
    confidence 90%