Up to 15 hours on June 16, [the price of oil] (htttpts ://nvreexpress.net/chu-de/jang-hom-nay-3026) Raw WTI dropped 1.5% to 79,5 dollars a barrel. The price of Brent oil was the same, about 82 dollars.
The market has gone down a few recent sessions. The reduction increased as the US and Iran announced a peace agreement on 14/6. The start of the week, the price of both of the world's key oils dropped nearly 5% to the lowest of three months.
Get out! [citation turns WTI oil prices over a year. Plot: Trading Economics](htttptptpvcdn1-kmdn.vnecdn.net/2026/16/ https://www.26-06-1616-145546-1-2557-17815979.png?w=120&h=0&&q=100&fr=1&ft=1&Ft=ct&s=em=C-293111111f7ZSNNNg)
Lost turned the price of WTI oil over the past year. Graph: Trading Economics
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The analysis expected the reopening of the Hormuz Channel to help provide a measure of restoration of the oil supply. This is a transport route of about 20% of crude oil and liquid gas (LNG) globally before the war.
"It may take weeks for new oil ships to recover operations. We predicted by September the production would recover 50% and by December was 80%", analysts at Morgan Stanley said.
Other signs also indicate that oil markets are weakening. "American guns rise, while China's imports decrease are key elements in short term. They may not disappear soon", Morgan Stanley assessed.
Import China's crude oil for May dropped 29%, down to the lowest eight years. This is the largest imported oil in the world.
Citigroup on 15/6 lowers the Brent-year oil forecast, down to 75 quarterly III and 70 dollars quarter IV, due to trade expectations through the Hormberg Channel restored.
However, as the details of the agreement remain unpublished and the permanent ceasefire is not yet achieved, the decline of the current oil price is still limited. Suvro Sarkar - Chief of Energy Research of the DBS Bank claimed that the early phase of the agreement - signed in Geneva to limit the 60-day ceasefire order – was the part that was easy to perform, which allowed the parties to have more time and temporarily to leave the nuclear issue.
However, the second stage will be more closely monitored by the market, which affects the material supply. This period included each step to reopen the Hormuz Channel and lifted the American Navy's blockade with Iranian ports. "If the scenario doesn't go well, oil prices can still turn back," Sarkar said.
Teau Thu * (subscripting Reuters)
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#[citational oil supply difficult to solve immediately after the American - Iranian agreement][citation needed][citation needed]
[The supply directly increased the price of petroleum and it took months to restore the energy flow as before the war, according to expert.] (httts ://nvreexpress.net/ngu-dau-dau-khihi-to-ga-gay-soon-shutan-my-iran-5086016.html [1][8](htttptsnvexpress.net/ngu-dau-dau-khi-hhoki-toa-song-shuan-my-iran-5086016.html#box comment vne)
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[What is the global economy after the American peace deal - Iran?][citation needed]
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