Oil & Iran Deal Tensions
Key Questions
What is the current status of the US-Iran deal?
The deal officially took effect on June 18, including sanctions waivers and the reopening of the Strait of Hormuz.
How has the Iran deal impacted oil prices?
Oil prices crashed further below $90, easing energy-driven inflation fears and reducing rate hike pressure.
What are the market implications of the Iran deal?
The deal is viewed as a major tailwind for equities, with markets pricing in a resolution to the tensions.
The US-Iran deal took effect on June 18 with sanctions waivers and Strait of Hormuz reopening. Oil crashed below $90, easing energy-driven inflation and rate hike pressure. Oil remains suppressed near $85, providing a tailwind for equities. The story is cooling as the deal holds.
Sources (2)
Updated Jun 30, 2026