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Oil prices are sinking as Iran reveals a draft peace deal to reopen the Strait of Hormuz

Iran's state media published a draft agreement that would reopen the vital shipping lane within 30 days of a final deal being signed

Oil prices are sinking as Iran reveals a draft peace deal to reopen the Strait of Hormuz

Oil prices are sinking as Iran reveals a draft peace deal to reopen the Strait of Hormuz

Published June 12, 2026 · Category: Markets

Overview

Iran's state media published a draft agreement that would reopen the vital shipping lane within 30 days of a final deal being signed

Source

Originally published at qz.com.

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