At last, a conservative news aggregator that does not bow to the woke right.
In this Breitbart article, staff writers report that oil prices plunged after President Trump announced a completed peace deal with Iran, reopening the Strait of Hormuz and ending the naval blockade.
- Brent crude, the international benchmark, dropped around four percent to below $84 a barrel, hitting its lowest level since March 5.
- West Texas Intermediate, the U.S. benchmark, fell nearly five percent to below $81 a barrel amid the positive developments.
- President Trump confirmed the deal on Truth Social, declaring it complete and authorizing the immediate removal of the U.S. naval blockade.
- Trump emphasized the reopening of the Strait of Hormuz for mine removal, stating that oil will now flow freely for the region and the world.
- Stock futures tied to U.S. equities markets climbed on the news of the peace agreement and restored oil flows.
- The sharp decline reflects market relief following the end of hostilities that had previously disrupted energy supplies and heightened global tensions.
Read the full story:
https://www.breitbart.com/economy/2026/06/14/brent-crude-falls-to-lowest-price-since-march-5-on-iran-wars-end/
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