https://www.live-feeds.com/feed/oil-prices-inch-lower-as-traders-eye-u-s-iran-peace-agreementContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-inch-lower-as-traders-eye-u-s-iran-peace-agreementhttps://www.live-feeds.com/feed/oil-prices-inch-lower-as-traders-eye-u-s-iran-peace-agreement#u2613Wed, 17 Jun 2026 19:21:30 +0000Oil prices have fallen to three-month lows after the U.S. and Iran announced a preliminary peace agreement expected to reopen the Strait of Hormuz. Markets reacted cautiously, with traders unwinding some risk premiums despite lingering uncertainty over the deal’s final terms. Hundreds of ships remain stranded in the Persian Gulf, and prices stay elevated compared to pre-conflict levels. Analysts warn full relief may take months even if the deal holds.What's confirmed:Oil prices sank to their lowest levels in over three months after the U.S. and Iran agreed to end the blockade of Iranian ports