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Oil Falls Below $80 With US-Iran Deal Set to Add Wave of Supply
Posted
June 16, 2026
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June 16, 2026
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3:37Now PlayingBrent oil fell below $80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts and regional benchmarks collapsing. Bloomberg Mike McGlone joins to discuss.
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