Tag Archives: reopens

In a move that has sent shockwaves through global energy markets and redefined the geopolitical landscape of the Middle East, United States President Donald Trump announced on Monday, June 15, 2026, that a comprehensive peace agreement has been reached between the United States and the Islamic Republic of Iran. The announcement, delivered via the President’s Truth Social platform, signals the …

Jakarta – Global crude oil prices experienced a significant downturn, plummeting by over 9% after Iran announced the reopening of the strategically vital Strait of Hormuz. This development followed earlier affirmations from United States President Donald Trump, who indicated that Iran had agreed to refrain from closing the crucial maritime passage. The move swiftly reduced the extreme risk premium that …