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Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz - Reuters

Source: Reuters · 2026-06-14
Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz Reuters
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Summary

SANCTIONSCRITICAL

Sanctions on Iranian oil directly reduce global supply by ~1.5M bpd potential, affecting crude prices globally and raising shipping risk premiums in the Persian Gulf.

Market Impact

Bearish· Large magnitude

Key variables: global oil supply, crude oil price, shipping risk premium, insurance rates persian gulf

Affected sectors: energy, transportation, airlines, petrochemicals, defense

Market Prediction

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What to Watch

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