WTI Off 8% From Peak as US-Iran Ceasefire Lifts Hormuz Flows to 7Mb/d

Michael K. Wirth, Chairman of the Board & CEO, Chevron Corporation discusses investment, scale and long-term strategy with Bloomberg’s Annmarie Hordern at the Bloomberg Energy Security Executive Briefing 2026 in Houston. (Source: Bloomberg)

Iranian finance minister: End of war on all fronts will be announced under interim deal At least $10 billion for Iran to be unlocked in Iran deal Trump says the terms of the Iran deal that leaked out are fake. Upset about drone attacks Iranian Foreign Minister says the memorandum of understanding has never been closer Trump says post from Iranian foreign minister is "very positive" Starmer faces rising pressure as Burnham looms SpaceX opens at $150 per share. VP Vance: A lot of fake information about potential deal to reopen Strait/end Iran nuclear June US prelim Mich consumer sentiment 48.9 vs 46.0 expected Iran will not restore Strait of Hormuz status to pre-war level - IRNA Markets: Gold down $3 to $4209 US 10-year yield up 2 bps to 4.48% WTI crude oil down $3.36 to $84.35 S&P 500 up 0.5% USD leads, CHF lags Iran and SpaceX headlines competed today and the news on both was relatively positive. The day started with some trouble as Trump lashed out about "dishonorable" leaks of fake contours of the deal, which seemed to favor Iran. The market quickly figured out that Trump wasn't going to blow up the whole deal over it and was pleased later when Iran's foreign minister downplayed it, saying the full text would be released later. Macro trades were relatively light with FX and bonds trading in tight ranges. Oil softened though, with WTI down to $84.35 in another sharp decline. It seems the market is expecting a quick signing ceremony and reopening but the terms of the deal still leave for 30 days to clear the Strait and Iran has an incentive to slow roll it, as nuclear negotiations won't be easy. Stock channels were focused the SpaceX IPO and it went well, though it was still difficult for retail to make money. Those who got allocations at $135 did well as the shares opened at $150 and rose as high as $176.52 before finishing at $161.22. This article was written by Adam Button at investinglive.com.

Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth. He speaks to Annmarie Hordern at the Bloomberg Energy Security Executive Briefing in Houston. (Source: Bloomberg)

Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth

Dollar is under broad-based pressure today as safe-haven demand unwinds, but the scale of the selloff remains surprisingly modest considering the dramatic move in oil markets. Brent crude has plunged from above $95 just a day ago to below $86, one of the sharpest declines since the Iran conflict began, as investors increasingly price the […] The post Dollar Down But Not Out While Oil’s $10 Collapse Signals Iran Deal Optimism appeared first on ActionForex.

The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.