Oil Prices Tumble After Trump Announces Deal With Iran
NYT > Business·June 14, 2026

Oil prices have plummeted following an announcement by Trump of a deal with Iran, sparking optimism about increased energy and goods flow through the Strait of Hormuz. The development has led to a decline in oil prices and a subsequent surge in stocks on Sunday evening. The potential agreement is expected to ease tensions and facilitate the flow of goods, benefiting the global economy. As a result, investors are reacting positively to the news, driving up stock prices.
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