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 Oil Rises As Further U.S./Iran Talks Cancelled, Peace Pact Feasibility In Question Oil Rises As Further U.S./Iran Talks Cancelled, Peace Pact Feasibility In Question by Ship & Bunker News Team Friday June 19, 2026 Tweet Follow @shipandbunker Analysts think the positive reaction to the peace pact has been overdone: File Image/Pixabay As questions mounted regarding the feasibility of the peace deal between the U.S. and Iran , oil prices on Friday rose  minimally, with at least one analyst fearing that the initial reaction to the unlikely east-west pact may have been overdone. David Oxley , chief commodities and climate economist at Capital Economics , said “Traders are kind of pricing in perfection; it’s the relief that the Strait [ of Hormuz ] is open – this is wonderful news compared with the nightmare scenario of it being shut - but actually, I think [the market] might have gone a little bit too far….It’s not necessarily a sign that everything is going to be completely smooth ahead.” Adam Turnquist , chief technical strategist at LPL Financial , agreed, saying, “I do see pretty substantial risk that this doesn’t play out as optimistic as maybe some are pricing into the market.” “ The Iranians are going to now try and test the administration Brent Sadler, former Pentagon official U.S. president Donald Trump ’s highly touted 60-day Memorandum of Understanding between Washington and Tehran has managed to displease both hawks and doves, the former complaining that it will encourage the Islamic republic to instigate further damage to trade and security, and the latter citing Israel as amongst a host of potential disruptors tha