US-Iran Deal Reopens Oil Lifeline

Big news is rocking the energy markets: the U.S. and Iran have reportedly struck a peace deal, triggering a sharp drop in oil prices—Brent crude fell 3.8% to $84 a barrel. The breakthrough hinges on reopening the Strait of Hormuz, a vital chokepoint for 20% of global oil and gas trade, expected to resume operations within 30 days. President Trump is touting it as a historic win, declaring oil will “flow” again and the strait will be “permanently toll free.” While gas prices won’t drop overnight, analysts like JP Morgan still see prices hovering in the low $100s for the rest of the year. The formal signing is set for Friday in Switzerland, with a draft outlining the lifting of the U.S. naval blockade and restoring shipping. Markets are reacting with optimism—more supply is on the way. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da05bc03aff24641