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The signing of the US-Iran agreement, oil prices fall again on world markets
2026-06-18 08:40:53 / BOTA
Oil prices continued to fall on Thursday as markets reacted positively to the entry into force of the interim agreement between the United States and Iran. Investors believe that the reopening of the Strait of Hormuz and the return of Iranian exports to international markets will significantly increase global oil supplies.
Brent crude fell below $78 a barrel, extending losses in recent days and approaching its lowest levels since early March. Meanwhile, U.S. WTI crude is trading below $75 a barrel.
The price drop came after the US and Iran digitally signed an interim peace deal negotiated in recent weeks. According to a US official, the memorandum of understanding has now entered into force, representing an important step towards reducing tensions that had caused instability in international energy markets.
Additional pressure on prices is also being exerted by forecasts from the International Energy Agency (IEA), which estimates that in the coming years the global market may face a production surplus. This perspective, combined with expectations for increased supply from Iran, has strengthened expectations for a stabilization and further reduction of oil prices in world markets.
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