{"id":74559,"date":"2026-06-12T18:38:47","date_gmt":"2026-06-12T18:38:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/06\/12\/crude-oil-plunges-amid-prospects-of-u-s-iran-deal-reopening-of-hormuz-strait\/"},"modified":"2026-06-12T18:38:47","modified_gmt":"2026-06-12T18:38:47","slug":"crude-oil-plunges-amid-prospects-of-u-s-iran-deal-reopening-of-hormuz-strait","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/06\/12\/crude-oil-plunges-amid-prospects-of-u-s-iran-deal-reopening-of-hormuz-strait\/","title":{"rendered":"Crude Oil Plunges Amid Prospects Of U.S.-Iran Deal, Reopening Of Hormuz Strait"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Crude oil prices have plummeted on Friday, extending yesterday&#8217;s sharp losses after U.S. President Donald Trump claimed that a U.S.-Iran interim peace agreement will be signed over this weekend and affirmed soon after that the Strait of Hormuz will reopen. The message resulted in waning supply disruption concerns.<\/p>\n<p class=\"fade-paragraph\">WTI Crude Oil for July month delivery was last seen trading down by $2.86 (or 3.26%) at $84.85 per barrel.<\/p>\n<div class=\"paywall-wrapper\">\n<p><i class=\"bi bi-lock-fill\"\/> Subscribe to continue reading the article.<\/p>\n<p>This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.<\/p>\n<p>Start Free Trial<\/p>\n<p>FREE 7-Day Trial &#8211; No Payment Required<\/p>\n<\/div>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Crude Oil Plunges Amid Prospects Of U.S.-Iran Deal, Reopening Of Hormuz Strait<\/a><br \/>\n<br \/>2026-06-12 18:38:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices have plummeted on Friday, extending yesterday&#8217;s sharp losses after U.S. President Donald Trump claimed that a U.S.-Iran interim peace agreement will be signed over this weekend and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":74560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-74559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/74559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=74559"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/74559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/74560"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=74559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=74559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=74559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}