Oil Prices Tumble after Iran Peace Deal Announcement

Jun 15, 2026 - 00:00
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Oil Prices Tumble after Iran Peace Deal Announcement

Oil prices fell more than 4%, reaching their lowest level in three months, after the US and Iran agreed a memorandum of understanding that could lead to permanent peace. The oil spike caused by the war sent prices to their highest levels since 2022, at well over $100 a barrel. Average gasoline prices in the […]

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