15.06.2026 02:30
The long-standing negotiations between the US and Iran have reached an agreement, causing sharp movements in the markets. With the reopening of the Strait of Hormuz, Brent crude oil fell by 4% to $83.96, while gold per ounce rose by 1.94% to $4,301, and gram gold reached 6,380 Turkish Lira.
The long-standing negotiations between the USA and Iran have concluded. In a statement by the mediating country Pakistan, it was announced that Washington and Tehran have officially reached an agreement. The announcement that the historic agreement will be signed on Friday, June 19, quickly impacted global energy markets.
SHARP DROP IN BRENT OIL
Following the announcement of the agreement, significant volatility occurred in oil markets. With the expectation that the Strait of Hormuz will reopen for trade, Brent crude oil lost 4% of its value, falling to $83.96 per barrel. Following the global downward trend, US light crude oil also experienced a sharp decline to $80.25 per barrel.
RISE IN GOLD
While oil markets saw a decline, precious metals experienced an increase. Following developments in global markets, investors' demand for safe havens rose. Gold gained 1.94% in value, rising to $4,301 per ounce, while gold per gram reached 6,380 TL.