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Oil and gas prices plunge after Trump announces Iran deal, reopening of Hormuz Strait

admin June 15, 2026
Oil and gas prices plunge after Trump announces Iran deal, reopening of Hormuz Strait

Oil and gas prices plunge after Trump announces Iran deal, reopening of Hormuz Strait


The prices of crude oil and liquefied natural gas (LNG) plunged in early trading on Monday following the announcement by U.S. President Donald Trump that a deal had been reached to end the war with Iran and reopen the Straight of Hormuz.

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