June 17, 2026
Brent settled at $78.96 a barrel and WTI settled at $76.05
The fund is designed to give both sides economic incentives to finalise a deal
The interim deal is set to extend the ceasefire by 60 days and reopen the Strait of Hormuz
Safety concerns are still shaping decisions over Gulf shipping routes, Mitsui OSK says
Markets settled into a more measured tone on Gulf developments as the initial excitement over the preliminary agreement began to fade
The Strait of Hormuz will stay toll-free for 60 days, US officials say
The pact, although still a framework, is a major breakthrough in the conflict which killed thousands and upended energy markets
