Brent crude settled near $80 on June 19 after Washington pulled Vice President Vance from planned Iran talks in Switzerland, reviving uncertainty over whether the 14-point ceasefire deal will hold.
Tag: Iran
Posted inGeopolitics
Trump declares Iran deal complete as Hormuz shipping prepares to resume
President Trump announced on June 14 that the US-Iran ceasefire deal is now complete, with the Strait of Hormuz set to reopen and a formal signing ceremony scheduled for June 19 in Switzerland.
Posted inWorld
G7 leaders gather in Évian as Iran deal reshapes the summit’s agenda
The 52nd G7 summit opened in Évian-les-Bains, France, on Monday with world leaders gathering just hours after the US-Iran ceasefire deal was declared complete.
Posted inMarkets
Gold falls to a four-month low as Iran deal progress drains the war premium
Spot gold slid to around $4,072 this week, extending an 11% one-month decline, as Iran deal progress deflated safe-haven demand while oil-driven inflation kept the Fed hawkish.
Posted inGeopolitics
Iran sets Khamenei’s funeral for July after four months of wartime delay
Iran announced on 13 June 2026 that ceremonies for Supreme Leader Khamenei, killed in a US-Israeli airstrike in February, will begin in Tehran on 4 July.
Posted inMarkets
Brent crude falls to an eight-week low as Iran deal text reaches final agreement
Brent crude fell more than 4% on Friday to below $84 per barrel, an eight-week low, after Pakistan confirmed the United States and Iran had agreed a final deal text including Strait of Hormuz reopening.
Posted inGeopolitics
Pakistan declares Iran-US deal text agreed as Tehran awaits supreme leader’s sign-off
Pakistan announced on June 12 that the US and Iran have agreed a final deal text including nuclear dismantlement and Strait of Hormuz reopening, with Iran’s supreme leader’s approval the last remaining step.
Posted inGeopolitics
Trump cancels Iran strikes and signals a deal could be signed this weekend
President Trump on June 11 called off planned strikes on Iran and said a memorandum of understanding to end hostilities could be signed as early as this weekend, potentially reopening the Strait of Hormuz.
Posted inGeopolitics
Iran breaks April truce with ballistic missile strike on Israel
Iran fired ballistic missiles at Israel’s Ramat David Airbase on June 7, the first direct strike since April’s ceasefire, before both sides agreed to halt attacks two days later.
Posted inEconomy
OECD cuts global growth forecast to 2.8% as Iran war energy shock deepens
The OECD’s June 2026 Economic Outlook cut its world GDP growth forecast to 2.8% and warned that a prolonged Strait of Hormuz blockage could reduce output to 2.1% while pushing global inflation above 4%.