Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook

Oil was in choppy trade on Friday, as markets assess the implications of the interim U.S.-Iran deal and signs that shipping activity through the Strait of Hormuz is recovering. International benchmark Brent crude futures for August fell 0.45% to $79.49 a barrel. U.S. West Texas Intermediate futures for July declined 0.31% to $76.36 per barrel. Stock Chart IconStock chart icon Vice…

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Vance defends Trump peace deal with Iran

US Vice President JD Vance speaks during a press briefing in the Brady Briefing Room of the White House in Washington, DC, on June 18, 2026. Ken Cedeno | AFP | Getty Images Vice President JD Vance defended President Donald Trump’s interim peace deal on Thursday, insisting the United States is not paying the Islamic…

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Iran deal fuels global relief stock rally

A woman walks past a billboard displaying Iran’s national flag at Enghelab Square in Tehran on June 14, 2026. – | Afp | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newsletter. U.S. President Donald Trump had a number of reasons to celebrate…

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