# Iran Deal Sends Oil Prices Plunging

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/iran-deal-sends-oil-prices-plunging
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/iran-deal-sends-oil-prices-plunging.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-06-18T19:51:17+00:00
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Duration seconds: 144

## Resource

Oil prices took a sharp hit after a surprise U.S.-Iran interim deal eased sanctions and reopened the Strait of Hormuz—sending WTI down 3.5% to $73.60 and Brent down 2% to $77.96. The 14-point agreement removes a key geopolitical risk premium, allowing 20% of global seaborne oil to flow freely again, triggering a nearly 30% drop from peak prices. While service stocks like Select Water Solutions and RPC dipped, the broader impact could reshape drilling economics, forcing Permian operators to cut budgets, defer rigs, and scale back fracking—rippling through the entire energy chain. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/2ee37f723dbb8c52

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