{"id":7508,"date":"2026-06-23T15:42:46","date_gmt":"2026-06-23T15:42:46","guid":{"rendered":"https:\/\/theenergycompany.co.uk\/?p=7508"},"modified":"2026-06-23T15:42:46","modified_gmt":"2026-06-23T15:42:46","slug":"oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed","status":"publish","type":"post","link":"https:\/\/theenergycompany.co.uk\/index.php\/2026\/06\/23\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\/","title":{"rendered":"Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed&#8230;."},"content":{"rendered":"<p class=\"p1\">Pakistan\u2019s prime minister Shehbaz Sharif said leaders of both the United States and Iran had signed the peace-deal agreement.<\/p>\n<p class=\"p1\">Oil prices have eased back further below 80 US dollars a barrel after the US and <span class=\"s1\">Iran<\/span> signed a deal to end the war and paved the way for the crucial <span class=\"s1\">Strait of Hormuz<\/span> crude shipping route to be reopened.<\/p>\n<p class=\"p2\">Benchmark Brent crude fell another 2% to 77.9 dollars a barrel, having reached as low as 77.1 dollars at one stage in Thursday morning trading, after Pakistan\u2019s prime minister <span class=\"s1\">Shehbaz Sharif<\/span> said leaders of both the United States and Iran had signed the peace-deal agreement.<\/p>\n<p class=\"p2\">A formal signing ceremony will take place in Switzerland on Friday, but the deal comes into effect straight away and Mr Sharif, who is acting as mediator, said Iran will \u201cinstantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s prime minister Shehbaz Sharif said leaders of both the United States and Iran had signed the peace-deal agreement. Oil prices have eased back further below 80 US dollars a barrel after the US and Iran signed a deal to end the war and paved the way for the crucial Strait of Hormuz crude shipping [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7459,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-7508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed.... - The Energy Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theenergycompany.co.uk\/index.php\/2026\/06\/23\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed.... - The Energy Company\" \/>\n<meta property=\"og:description\" content=\"Pakistan\u2019s prime minister Shehbaz Sharif said leaders of both the United States and Iran had signed the peace-deal agreement. Oil prices have eased back further below 80 US dollars a barrel after the US and Iran signed a deal to end the war and paved the way for the crucial Strait of Hormuz crude shipping [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/theenergycompany.co.uk\/index.php\/2026\/06\/23\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\/\" \/>\n<meta property=\"og:site_name\" content=\"The Energy Company\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-23T15:42:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/theenergycompany.co.uk\/wp-content\/uploads\/2026\/06\/Shutterstock_2057613017-750x375-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Rhun Dafydd\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rhun Dafydd\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/index.php\\\/2026\\\/06\\\/23\\\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/index.php\\\/2026\\\/06\\\/23\\\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\\\/\"},\"author\":{\"name\":\"Rhun Dafydd\",\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/#\\\/schema\\\/person\\\/13294a331ffbeab98c3538320ddf2309\"},\"headline\":\"Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed&#8230;.\",\"datePublished\":\"2026-06-23T15:42:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/index.php\\\/2026\\\/06\\\/23\\\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\\\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/index.php\\\/2026\\\/06\\\/23\\\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/theenergycompany.co.uk\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/Shutterstock_2057613017-750x375-1.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/theenergycompany.co.uk\\\/index.php\\\/2026\\\/06\\\/23\\\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\\\/\",\"url\":\"https:\\\/\\\/theenergycompany.co.uk\\\/index.php\\\/2026\\\/06\\\/23\\\/oil-prices-drop-further-below-80-dollars-a-barrel-as-us-iran-peace-deal-signed\\\/\",\"name\":\"Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed.... - 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