WTI Crude Falls Below $75, Lowest Since Early March, as Traders Price In Hormuz Reopening
WTI crude fell below $75 a barrel for the first time since early March, extending an oil selloff that had already pushed Brent under $80 after the US-Iran framework deal to reopen the Strait of Hormuz. The US benchmark is now down nearly 38% from its March intraday high above $118.
The latest drop suggests traders are increasingly pricing in a return of Gulf supplies ahead of a planned signing of the agreement in Switzerland on Friday. Physical flows, however, remain well short of normal, with shipowners and traders saying confidence to resume transit through the strait could take weeks to rebuild even if the accord holds.
From the sources (25 posts)
@cmshehbazFollowing intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military opera
@osinttechnicalPakistan’s Prime Minister announced the US and Iran have reached an agreement, includes the “immediate and permanent termination of military operations on all fronts, including in Lebanon.”
@sentdefenderPakistani Prime Minister Shebaz Sharif has announced a peace deal between the United States and Iran resulting in the "permanent termination of military operations on all fronts, including in Lebanon." The official signing ceremony will b
@marionawfal🇺🇸🇮🇷 BREAKING: Trump just posted himself "The Deal with the Islamic Republic of Iran is now complete. I hereby fully authorize the toll free opening of the Strait of Hormuz and the immediate removal of the United States Naval blockade.
@ericldaugh🚨 BREAKING: TRUMP-IRAN PEACE DEAL REACHED, SIGNING IS JUNE 19 — Pakistan announces PEACEMAKER-IN-CHIEF, and on his birthday!! 🇺🇸 "Following intensive talks, we are pleased to announce that the Peace Deal between the United States of Ameri
@ericldaugh🚨 JUST IN: PRESIDENT TRUMP STUNS THE WORLD "The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize
@osint613JUST IN 🔴 Pakistan PM: Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termi
@mossadilTrump: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United
@ericldaugh🚨 JUST IN: Vice President JD VANCE announces the agreed-to Trump-Iran peace deal 1. BLOCKS Iran from ever pursuing, procuring or obtaining a nuclear weapon 2. IMMEDIATELY opens the Strait of Hormuz 3. Lifts the US naval blockade 4. Opens
@leadingreportIranian state TV claims Iran forced the U.S. to accept peace deal.
@sentdefenderPresident Donald J. Trump has posted to Truth Social confirming that a deal has been reached with the Islamic Republic of Iran including the immediate removal of the naval blockade.
@faytuksnetworkBREAKING: A peace deal between the U.S. and Iran has been reached, Pakistan’s PM announces. Both sides have declared an immediate and permanent halt to military operations on all fronts, including in Lebanon. The signing ceremony is set for
@osint613NOW: "The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United St
@treyyingstNEW: A deal was reached between the United States and Iran, according to Pakistani Prime Minister Shehbaz Sharif.
@whitehouse“The Deal with Islamic Republic of Iran is now complete. Congratulations to all!” President Donald J. Trump 🇺🇸
@clashreportBREAKING: Pakistan PM Sharif on Iran-U.S deal: Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the imm
@mercoglianosRT @WhiteHouse: “The Deal with Islamic Republic of Iran is now complete. Congratulations to all!” President Donald J. Trump 🇺🇸 https://t.co…
@aishahhasniePresident TRUMP announces via TruthSocial: The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize
@mert$10,000
@faytuksnetworkBREAKING: Trump announces the deal with Iran is complete, authorizing the toll-free opening of the Strait of Hormuz and the immediate removal of the U.S. naval blockade. ‘Ships of the World, start your engines. Let the oil flow!’ https://t.
@disclosetvJUST IN - Trump says deal between U.S. and Iran "is now complete."
@leadingreportIran peace deal includes, via Vice President JD Vance: - Blocking Iran from ever pursuing, procuring, or obtaining a a nuke - Opens the Strait of Hormuz - Lifts US naval blockade - Investments for the region
@polymarketJUST IN: Pakistan announces a U.S.-Iran peace deal has been reached, with official signing set for June 19 in Switzerland.
@me_observer_⚡️ 🔴 Pakistan's Prime Minister officially announced the Iran-US peace agreement: "Following intensive negotiations, we are pleased to announce that a peace agreement has been reached between the United States of America and the Islamic Repu
@faytuksBREAKING: A peace deal between the US and Iran have been reached with a permanent end to military operations on all fronts, including Lebanon, according to Pakistan's Prime Minister