US-Iran peace deal to boost UAE trade, cut shipping costs and marine insurance

In Iran, around 16 June 2026, a US-Iran peace deal was expected to boost UAE trade and cut shipping costs and marine insurance, according to Khaleej Times. The Wall Street Journal and The Telegraph reported that the deal allows Iran to resume oil sales immediately, and Bloomberg reported that Iran was moving its oil tankers around ahead of the signing. S&P Global wrote that the deal eases oil supply fears but that full restoration will take time.

Trump was reportedly weighing a $300 billion reconstruction fund for Iran involving South Korea and others. Iran’s energy minister said the country will connect its electric grid to Qatar in the near future. Press TV wrote that the US Strategic Oil Reserve had fallen to its lowest level since 1983 after the war on Iran.