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Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal

NYT Business Monday 15 June 2026, 11:49 UTC By Jenny Gross and Peter Eavis 1 min read

Key Points

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on Monday.

the Strait of Hormuz (LOCATION) Musandam (LOCATION) Oman (LOCATION)

Originally published by NYT Business Read original →

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpilesOil prices hit three-month low and markets rallyBusiness live – latest updatesAfter more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief. Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz to tankers carrying millions...

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Shipping Firms, Awaiting Details, Are Cautious of U.S.-Iran Deal

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