New York Post
15 Jun 2026, 13:53 UTC · 1h ago
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President Trump announced a completed deal with Iran to reopen the Strait of Hormuz and remove the US Naval blockade. — Removing a blockade on a route carrying 20% of global oil supplies drastically reduces geopolitical risk and supply scarcity.
+0.90Brent crude fell 4.8% to $83.17 and WTI plunged 5.2% to $80.46 following the announcement. — A sharp drop in benchmark prices directly impacts energy sector valuations and signals a shift in market expectations for supply.
-0.70US stock indices rose, with the Nasdaq gaining 2.4% and S&P 500 gaining 1.5%, as traders anticipated lower inflation and energy costs. — Lower energy costs reduce input prices for corporations and ease inflationary pressure, boosting broad market risk appetite.
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