Commodities: U.S.-Iran Peace Deal
ING Economic and Financial Analysis
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2026-06-15
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via All Articles on Seeking Alpha
Summary Oil prices slumped on Monday, with NYMEX WTI around $80/bbl and Brent tumbling to around $84/bbl, after the US announced an interim deal with Iran. Spot gold extended gains for a third consecutive session, rising above $4,335/oz this morning following the US-Iran agreement. CFTC positioning shows speculators reduced net longs in COMEX copper by 6,004 lots to 71,127 lots as of 9 June. adventtr/iStock via Getty Images
By Ewa Manthey , Commodities Strategist and Warren Patterson , Head of Commodities Strategy
Energy markets slumped after the US and Iran reached an interim deal to de-escalate their prolonged conflict, raising the prospect of reopening the Strait
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