EnergyReader · 2026-06-21 16:11

Brent slips under USD 80 after US-Iran deal clears path to Hormuz reopening

By EnergyReader Newsroom · June 21, 2026

Brent crude was trading below USD 83 a barrel on Monday (2026-06-15), after the United States and Iran inked a peace deal that paves the way for the Strait of Hormuz to reopen and unclog global trade sentiment, businesstoday.in reported. Oil slipped 5% on Monday (2026-06-15) to close at USD 80.75 a barrel, citing brokerage Emkay.

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ICE Brent crude futures, front-month → OPEC reference basket → Strait of Hormuz oil/LNG transit flows → China crude oil imports →

Connected coverage Stories linked to Brent through the market graph: same hub, spread, route or driver.

Saudi Aramco Pipeline Reports Pull ICE Brent to Third Consecutive Session Loss 1h ago · Brent same market ICE Brent Retreats to $103 After Hormuz Naval Confrontations Drive Four-Month High 3h ago · Brent same market Eneos and Idemitsu Pay $38 Premiums for Oman Crude as Saudi Pipeline Stays Shut 41m ago · Dubai Crude shared: Saudi Crude Production … U.S. SPR Falls to Lowest on EIA Records While Cushing Crude Stocks Test Operational Floor 9h ago · WTI via Global Crude Balance Dubai crude's $13 premium to Brent signals Asian buyers are not pricing in a Q4 Hormuz resolution 21h ago · Dubai Crude shared: Saudi Crude Production … NYMEX WTI Crude Front-Month Settles at $100.30 as Three-Session Decline Erases Weekly Gain 11h ago · WTI via Global Crude Balance

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Brent Crude Oil Strait of Hormuz