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Thu · 16 Jul 2026

Brent Crude Hits 3-Month Low as US-Iran Deal Reopens Hormuz

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Brent Crude Hits 3-Month Low as US-Iran Deal Reopens Hormuz

🛢️ MARKETS — Oil is pricing the deal as done. The tanker already moved. 📌 LOOK CLOSER: Brent hitting a 3-month low confirms markets have shifted from pricing risk to pricing resolution. From $113 March peaks to sub-$84 in weeks. The speed of repricing outpaces implementation — Hormuz is open for one vessel, not normalized. If IRGC hardliners or Israeli action collapses the MOU, the reversal would be violent.

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