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Trump Announces US-Iran Deal, Reopens Hormuz, Oil Slides 5%

6/15/2026

38 9 Full Breakdown

Summary

Trump Secures Iran Deal

U.S. President Donald Trump announced that U.S. and Iran reached a deal to end war, reopen Strait of Hormuz, and lift blockade of Iranian ports.
Pakistan Prime Minister Shehbaz Sharif said pact will be signed Friday, 19 June, in Switzerland.
It includes 60-day nuclear-talks window, with Vice-President JD Vance saying Iran will not get a nuclear weapon.
Crude futures fell 4.8% to $80.80 per barrel, with Brent about 4% to $83.89.

Summary

Gold Rises

Gold rose 2% to $4,307.30 per ounce after the U.S.–Iran agreement lowered oil-price risk.
The dollar index fell to 99.492 while the euro and sterling rose to $1.1607 and $1.3448.
Asian equity markets surged, with Japan’s Nikkei gaining more than 5% and South Korea’s Kospi rising 5.7%.
Treasury yields slipped, with the 10-year at 4.43% and two-year at 4.02%, prompting markets to cut Fed hike odds to about 30%.

History

Historical Context

In October 1973 OAPEC, led by Saudi King Faisal, embargoed the United States and other Israel supporters during the Yom Kippur War. The embargo lifted world oil prices by nearly 300%, from $3 to $12 a barrel, triggering the first oil shock and a global recession. The 2024 U.S.–Iran agreement to reopen the Strait of Hormuz mirrors impact, sending crude futures down 4.8% and gold up 2%.

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Trump Secures Iran Deal

U.S. President Donald Trump announced that U.S. and Iran reached a deal to end war, reopen Strait of Hormuz, and lift blockade of Iranian ports.
Pakistan Prime Minister Shehbaz Sharif said pact will be signed Friday, 19 June, in Switzerland.
It includes 60-day nuclear-talks window, with Vice-President JD Vance saying Iran will not get a nuclear weapon.
Crude futures fell 4.8% to $80.80 per barrel, with Brent about 4% to $83.89.

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