- June 16, 2026
- Posted by: Tresmark
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Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the ​resumption of supply through the key Strait of Hormuz may take longer than thought.
Brent crude futures gained 26 cents, or 0.3%, to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel, up 46 cents, or 0.3%, as of 0108 GMT.
Source: Reuters
