Oil rebounds on concerns about US-Iran peace deal, restoration of supply
- Posted on June 16, 2026
- By Business News Today
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- 1 min read
Oil rebounds on concerns about US-Iran peace deal, restoration of supply
Oil prices rebounded as concerns grew over the lack of details in a preliminary U.S.-Iran agreement to end the war. The resumption of supply through the Strait of Hormuz may take longer than anticipated, with analysts noting that the market will likely show restraint until full details emerge.
