Brent climbs to $79.43 as traders weigh durability of US-Iran peace deal
- Posted on June 17, 2026
- By Business News Today
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- 1 min read
Brent climbs to $79.43 as traders weigh durability of US-Iran peace deal
Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was announced, details remain scarce, and a full return to pre-war production levels is expected to take considerable time, adding to market uncertainty.
