How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices - Crude Oil Prices Today

Around 18 June 2026, the first tankers passed through the Strait of Hormuz after the U.S.-Iran deal, and oil prices eased further. Vance said the U.S. had effectively lifted its blockade of Iran's seaports. Iran said traffic through the strait 'will be increased gradually', and Asahi Shimbun reported that Iran announced 60 days of Hormuz passage without fees, with talks with the U.S. postponed. Vance left shippers uncertain about possible Hormuz tolls. Argus said the deal will not lead to one-way traffic toward plunging oil prices, and India is reassessing its appetite for Iranian oil.