Post by Proshare (@Proshare)

Global oil markets enter the week on a materially altered footing following the signing of the US-Iran agreement, which has reopened the Strait of Hormuz and lifted the maritime blockade on Iranian exports. Brent's decline below US$80 per barrel for the first time in over four months signals that markets are pricing in a reduced geopolitical risk premium rather than a structural shift in demand.

https://proshare.co/articles/hormuz-reopens-as-traders-price-out-the-war-premium-oir-160626?menu=Economy&classification=Read&category=Oil

Global oil markets enter the week on a materially altered footing following the signing of the US-Ir...

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