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How the oil market shrugged off the Iran crisis

Fears of summer shortages and $200 oil have been replaced by a focus on looming gluts

1 report1 sourceJun 18, 2026, 12:39 AM
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Financial TimesJun 18, 2026, 12:39 AM

How the oil market shrugged off the Iran crisis

Fears of summer shortages and $200 oil have been replaced by a focus on looming gluts

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What's in, or not in, the U.S.-Iran peace deal

After months of war and days of secrecy, U.S. officials dictated the text of President Trump's much-touted deal to end the war with Iran. It would reopen the Strait of Hormuz and would "reaffirm" that Iran "shall not… Grouped from 3 articles across 3 sources.

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