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Oil falls below $80 as markets rally on Iran-US peace deal: What to know
Oil falls below $80 as markets rally on Iran-US peace deal: What to know
Brent crude, the international benchmark for oil prices, hit $80.41 at 6:46 a.m. EDT on Monday.
Jack Dutton
Jun 15, 2026
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A man looks at an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on June 15, 2026. — Kazuhiro NOGI / AFP via Getty Images
Markets climbed while oil fell by more than 5.2% on Monday morning after Pakistan announced last night that it had reached a peace deal between Iran and the United States to permanently end the conflict that has upended the global economy and closed the Strait of Hormuz.
What happened: Brent crude, the international benchmark for........
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