diplomacyJun 18, 2026

US and Iran peace framework signals major shift for global oil markets and trade

Summary

US and Iran peace framework signals major shift for global oil markets and trade MARKETS First tankers reportedly exit US blockade in the Strait of Hormuz ahead of US-Iran talks.

Source: Ashley Lechman — Read the full report

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Ashley LechmanBy Ashley Lechman
US and Iran peace framework signals major shift for global oil markets and trade MARKETS First tankers reportedly exit US blockade in the Strait of Hormuz ahead of US-Iran talks. A sweeping memorandum between the US and Iran could end months of conflict, reopen critical shipping …

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