https://www.live-feeds.com/feed/oil-stems-decline-as-traders-await-signing-of-us-iran-dealContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-stems-decline-as-traders-await-signing-of-us-iran-dealhttps://www.live-feeds.com/feed/oil-stems-decline-as-traders-await-signing-of-us-iran-deal#u2559Wed, 17 Jun 2026 18:16:08 +0000Oil prices fell to multi-week lows Wednesday after reports of a US-Iran agreement to reopen the Strait of Hormuz, easing supply concerns. Traders remain cautious, with stocks split between relief over a potential ceasefire and skepticism about the deal’s immediate impact. Markets await confirmation and details before committing to resumed transits. Global equities showed mixed reactions despite oil’s volatility.What's confirmed:Brent crude and WTI prices dropped to their lowest since early March following reports of a US-Iran agreement to reopen the Strait of Hormuz.Traders and shipowners are https://www.live-feeds.com/feed/oil-stems-decline-as-traders-await-signing-of-us-iran-dealhttps://www.live-feeds.com/feed/oil-stems-decline-as-traders-await-signing-of-us-iran-deal#u2478Wed, 17 Jun 2026 16:42:49 +0000Brent crude prices fell below $90 per barrel on Wednesday amid optimism over a potential US-Iran deal to end hostilities and reopen the Strait of Hormuz, though traders remain cautious about the timeline and full reopening of oil flows. Oil stocks have declined for a fifth consecutive day, with prices still elevated due to lingering disruptions in the Persian Gulf. Markets are split between relief over a potential ceasefire and skepticism about the deal's immediate impact on oil supply. Stocks globally showed mixed performance, with US indices drifting near record highs despite oil's