Oil Markets Fall After US-Iran Interim Agreement Global oil prices slipped in early trading on Thursday,June 18,2026 following the announcement of an interim agreement between the United States and Iran aimed at ending the conflict in the Middle East. The development has eased immediate concerns over supply disruptions through one of the world’s most critical energy corridors, the Strait of Hormuz.

US-Iran Agreement Marks Shift Toward Diplomatic Resolution US President Donald Trump and Iranian President Masoud Pezeshkian have signed a memorandum of understanding aimed at ending months of conflict between Washington and Tehran. The agreement is designed to ease tensions across the Middle East and establish a structured pathway toward renewed diplomatic engagement between the two nations.

Trump Signals Imminent US–Iran Agreement US President Donald Trump has stated that Washington and Tehran could finalize and sign an agreement within the next 48 hours, signaling that negotiations aimed at ending nearly four months of conflict are approaching a critical conclusion. Speaking to reporters in Paris during the G7 summit in France, Trump said the deal could be signed “tomorrow, maybe the next

Iran Reaffirms Post-Deal Position on Strait of Hormuz Iran has indicated that it will proceed with plans to impose charges on vessels passing through the Strait of Hormuz after the 60-day fee-free period outlined in its memorandum of understanding with the United States. The announcement comes amid growing uncertainty over the interpretation of the recently signed agreement aimed at stabilising maritime mov

A draft 14-point US-Iran agreement would introduce an immediate ceasefire, restore commercial shipping and temporarily waive sanctions affecting Iranian oil exports while negotiations toward a final settlement continue. Reuters published the draft on Wednesday, June 17, 2026, but reported that the United States had not publicly released the complete official text. The document establishes a proposed 60-day negotiating period and postpones several difficult nuclear and sanctions ques