Crude oil prices drop 5% on Iran deal breakthrough

15 Jun 2026via India.ComSource

English हिंदी తెలుగు தமிழ்ಕನ್ನಡ मराठी বাংলা ગુજરાતી

Crude oil prices drop 5% on Iran deal breakthrough. Global crude prices plunged nearly 5% after former U.S. President Trump announced the Iran nuclear deal is complete and ordered the reopening of the Strait of Hormuz. This eases supply fears and could lower input costs for Indian refiners and transport firms. Energy importers may benefit from cheaper crude.

📊 STOCKS: | 🏢 SECTOR: Energy | #HIGHIMPACT #CrudeOil

#CrudeOil#Geopolitics#Commodities

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