16/06/2026
Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran.
Brent North Sea crude, the international benchmark, dropped 3.8 per cent to $79.99 a barrel, dipping under $80 for the first time since early March.
https://www.channelstv.com/2026/06/16/oil-drops-under-80-on-us-iran-deal/