You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World U.S./Iran Peace Deal Causes Oil To Plummet - And Some Analysts To Warn Of Headwinds U.S./Iran Peace Deal Causes Oil To Plummet - And Some Analysts To Warn Of Headwinds by Ship & Bunker News Team Monday June 15, 2026 Tweet Follow @shipandbunker Bloomberg pondered the implications of China boosting crude purchases if the deal is ratified: File Image/Pixabay A collective gasp of relief was heard  throughout the investment community over the weekend and continuing into Monday, in the aftermath of the U.S. and Iran announcing it had reached a peace deal to be signed on Friday that would immediately re-open the Strait of Hormuz. Accordingly, oil prices on Monday plummeted, with Brent shedding 5.4 percent to $82.61 per barrel, a level not seen since early March.  Transportation companies that rely heavily on fossil fuels rallied, with United Airlines , American Airlines , and Carnival enjoying substantial gains on Wall Street. “ I think a lot of great things are going to happen in the Middle East right now U.S. president Donald Trump Analysts also believed that the U.S./Iran peace deal would almost certainly compel the U.S. Federal Reserve to leave its main interest rate steady when it meets on Wednesday. U.S. president Donald Trump told  media on Monday, “I think a lot of great things are going to happen in the Middle East right now….and very importantly, the oil is plummeting down and the stock market is shooting up like a rocket today, like record kind of numbers.” Trump also wrote on social media, that the strait would open after the peace deal was signed and “for purposes of mine removal, oil will flow on both ends