US-Iran Deal: Hope and Uncertainty
Monday, 2026/06/15143 words2 minutes594 reads
President Donald Trump has announced a deal to end hostilities between the US and Iran. The agreement promises to reopen the Strait of Hormuz, a crucial shipping route through which about 20% of the world's oil normally passes. Trump declared "Let the oil flow!" on social media.
Oil prices dropped significantly after the announcement. Brent crude fell 4.3% to $83.55 per barrel. Asian stock markets also rose as investors welcomed the news. However, many important details remain unclear.
Experts warn that returning to normal shipping levels will take time. Mines need to be cleared from the waterway, and there is a large backlog of tankers waiting. Energy specialists estimate it could take weeks or even months to fully restore operations. The deal will be officially signed on Friday in Switzerland, but questions about Iran's nuclear program and Israel's role continue to create uncertainty.
