Published Jun 16, 2026, 6:03 PM ET · Updated 5 months ago · 1 source

Oil Holds Near Three-Month Low as Iran Deal Seen Boosting Supply

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Oil Holds Near Three-Month Low as Iran Deal Seen Boosting Supply

Oil held near a three-month low on expectations that a US-Iran deal to reopen the Strait of Hormuz will unleash a wave of supply.