Home / BusinessFinancial TimesBusinessFinancial Times·Jun 16, 2026·1 min readOil sinks below $80 a barrel as traders bet Strait of Hormuz flows will returnBrent crude has tumbled to three-month low following agreement to extend US-Iran ceasefireView original source — Financial Times ↗ShareCopy linkShare on XShare on FacebookRelated storiesCNABusinessJun 16, 2026 · 1 minAsian markets temper US-Iran deal optimism as oil prices plungeCNACNBCBusinessJun 16, 2026 · 1 minOil prices hit three-month low — but tanker bosses remain cautious on Hormuz transitCNBCABC NewsBusinessJun 4, 2026 · 1 minLive: Oil prices down almost 3pc as traders bet on Middle East peaceABC NewsBloombergBusinessJun 16, 2026 · 1 minBrent Oil Falls Below $80 With US-Iran Deal Set to Add SupplyBloomberg
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