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Jun 16, 2026,
Crude began unwinding months of conflict premium after the Trump administration claimed that the Strait of Hormuz has reopened as part of an agreement reached with Iran on Sunday. Yet three corners of the market that the war hammered have still not climbed back to where they traded the day it began. West Texas Intermediate slid to around $80 a barrel on Tuesday, its lowest since early March, after President Donald Trump said on social media that the deal with Iran was complete and the U.S. naval blockade would be lifted. But financial markets are sending a different signal beneath…
