Oil slips again as US, Iran sign peace deal
Oil prices fell on Thursday after the US and Iran signed an interim agreement to end the war. The deal includes reopening the Strait of Hormuz and waiving US sanctions on Tehran's crude exports. This move resolves the largest energy supply disruption in history.
What changed
New data specifies the interim nature of the deal and provides exact price drops for Brent and WTI futures.
Live updates
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Oil Prices Drop Following US-Iran Interim Peace Deal
confidence 90%Oil prices fell on Thursday after the US and Iran signed an interim agreement to end the war. The deal includes reopening the Strait of Hormuz and waiving US sanctions on Tehran's crude exports. This move resolves the largest energy supply disruption in history.
What's confirmed:
- The US and Iran signed an interim agreement to end the war and reopen the Strait of Hormuz.
- The deal includes waiving US sanctions on Tehran's oil exports.
- Oil prices dropped to levels not seen since the start of the Iran war.
Still unconfirmed:
- Brent crude futures fell 89 cents or 1.12% to $78.66 per barrel at 0005 GMT.
- U.S. West Texas Intermediate dropped 98 cents or 1.28% to $75.81 per barrel.
- President Donald Trump stated he would resume bombing campaigns if Iran's leaders "don't behave".
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Oil prices drop as US and Iran sign peace deal
confidence 90%Brent crude and US West Texas Intermediate futures both fell more than 3% on Friday. The decline follows a peace agreement between the US and Iran to reopen the Strait of Hormuz. Crypto markets initially rose but later declined as Israeli strikes hit Lebanon.
What's confirmed:
- The US and Iran signed a peace deal to reopen the Strait of Hormuz.
- Brent crude futures fell 4.10% to $83.75 a barrel by 0004 GMT.
- US West Texas Intermediate fell 4.72% to $80.87.
Still unconfirmed:
- Israeli strikes in Lebanon threaten to unravel the Iran ceasefire.
- XRP, Bitcoin, and Ethereum are down 3-4%.
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Oil Prices Drop as US and Iran Reach Preliminary Peace Accord
confidence 90%Brent Crude is trading at $83 following a deal to end hostilities between the US and Iran. Parts of the Strait of Hormuz are reopening to shipping. Negotiators will address sanctions, regional security, and nuclear talks in the coming weeks.
What's confirmed:
- Brent Crude is at $83.
- The US and Iran signed an agreement to end their war.
- Parts of the Strait of Hormuz are reopening to shipping.
- Negotiations on nuclear talks, sanctions, and regional security will continue in the coming weeks.
Still unconfirmed:
- President Trump dismissed reports of a $300 billion payment to Iran as fake news.
- Iran agreed to never have nuclear weapons.
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Oil Prices Drop as US and Iran Implement Interim Peace Deal
confidence 90%Oil prices fell following an interim agreement between the US and Iran to end their war. The deal reopens the Strait of Hormuz and waives US sanctions on Iranian oil. Tankers have begun transiting the strait to restart the flow of millions of barrels.
What's confirmed:
- The US and Iran signed an interim agreement to end the war and reopen the Strait of Hormuz.
- The agreement includes waiving US sanctions on Iranian oil.
- Oil prices dropped toward $80 a barrel.
- Tankers have begun transiting the Strait of Hormuz to restart the flow of millions of barrels.
Still unconfirmed:
- Statements from the vice president regarding Israel may have put markets back on edge.
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Oil Prices Drop as US and Iran Sign Peace Agreement
confidence 80%Oil prices fell on Thursday following a peace deal between the US and Iran to end their war. The agreement includes a framework to reopen the Strait of Hormuz and end a US naval blockade. Markets reacted with a stock rally and lower crude prices as supply concerns eased.
What's confirmed:
- The US and Iran signed a peace deal to end their war.
- Oil prices fell on Thursday.
- The agreement includes a deal to reopen the Strait of Hormuz.
Still unconfirmed:
- Israel launched new strikes despite a Trump warning on Lebanon.