Thursday, 18 June 2026 06:49
Hormuz reopens after US-Iran ceasefire signed early in Versailles
Tehran will reopen the Strait of Hormuz immediately after the US and Iran signed a memorandum to end the conflict in Versailles late on June 17 – earlier than planned. Oil and gas prices fell sharply on the news, and LNG benchmarks trimmed the geopolitical risk premium that has buoyed them since the conflict intensified.
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