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🇹🇼 Taiwan /Economy & Trade

Market awaits US-Iran peace deal, oil prices edge up

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • International oil prices saw a slight increase as markets await the signing of a U.S.-Iran agreement to end the Middle East war.
  • Expectations of restored crude oil supply contributed to the modest rebound after recent price drops.
  • West Texas Intermediate crude for July delivery rose 1% to $76.79 per barrel, and Brent crude for August delivery gained 0.8% to $79.55 per barrel.

International oil prices experienced a modest recovery on June 18, 2026, as global markets anticipate the imminent signing of an agreement between the United States and Iran aimed at concluding the Middle East war. The prospect of restored crude oil supply has fueled expectations, leading to a slight rebound after significant price declines in the preceding two trading days.

West Texas Intermediate (WTI) crude for July delivery saw its price climb by 1%, reaching $76.79 per barrel. Similarly, London's North Sea Brent crude for August delivery recorded a small increase of 0.8%, settling at $79.55 per barrel.

The market's attention is closely focused on the upcoming U.S.-Iran accord, which is expected to bring stability to the region and influence global energy markets. The details of the agreement and its implications for oil production and supply remain key factors for traders and analysts.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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