Hong Kong, June 18, 2026 (AFP) - Oil prices sink further as Trump signs deal to reopen Hormuz

NAMPA / AFP

2026-06-18

Oil prices tumbled again Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end their war and reopen the Strait of Hormuz. The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation. However, the upbeat mood on trading floors was tempered by expectations the US Federal Reserve will hike in......

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