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Oil price falls to three-month low and markets rally after US-Iran peace deal – business live

The Guardian Business Monday 15 June 2026, 06:32 UTC By Graeme Wearden 1 min read

Key Points

Rolling coverage of the latest economic and financial newsOil prices tumble amid hopes strait of Hormuz will soon reopenThe US dollar is weakening, as investors shift into riskier currencies. The pound is its highest in over a week, at $1.3438.Whilst the deal is very good news for markets it looks like tough conversations will have occur in the 60-day window to ensure the peace is sustainable. As an example, the Senate needs to approve any extensive sanction relief for Iran.

Rolling coverage of the latest economic and financial news

Oil prices tumble amid hopes strait of Hormuz will soon reopen

The US dollar is weakening, as investors shift into riskier currencies.

The pound is its highest in over a week, at $1.3438.

Whilst the deal is very good news for markets it looks like tough conversations will have occur in the 60-day window to ensure the peace is sustainable. As an example, the Senate needs to approve any extensive sanction relief for Iran.

For now the can kicking exercise has been very well received by markets even after a strong US close on Friday where hopes were raised of a weekend signing

US (LOCATION) Iran (LOCATION) Hormuz (LOCATION) Senate (ORG)

Originally published by The Guardian Business Read original →

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Oil price falls to three-month low and markets rally after US-Iran peace deal – business live

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