Oil rebounds on concerns about US-Iran peace deal, restoration of supply

Oil rebounds on concerns about US-Iran peace deal, restoration of supply

Asia One·2026-06-16 15:00

Oil prices rebounded on Tuesday (June 16) on concerns about the lack of details in a preliminary agreement ending the war between the US and Iran and the realisation the resumption of supply through the key Strait of Hormuz may take longer than thought.

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