15.06.2026 07:40
The agreement reached between the US and Iran caused sharp movements in global markets. With expectations that the Strait of Hormuz will reopen, Brent crude oil fell below $84, while US crude oil also declined. In contrast, as investor demand for safe-haven assets increased, gold rose above $4,300 per ounce, and gram gold climbed to 6,380 TL. Markets are now focused on the agreement expected to be signed on June 19.
The conclusion of months-long negotiations between the US and Iran with an agreement caused sharp price movements in global markets. While expectations of the reopening of the Strait of Hormuz pulled oil prices down, investors' search for a safe haven pushed gold prices up.
HISTORIC AGREEMENT CHANGED THE DIRECTION OF MARKETS
The announcement that the memorandum of understanding between the US and Iran would be signed on June 19 had an immediate impact on global energy markets. The reopening of the Strait of Hormuz, one of the most critical points of the agreement, significantly eased concerns about energy supply.
With the expectation that the Strait of Hormuz, through which about one-fifth of the world's oil trade passes, would reopen, investors turned to selling oil contracts.
BRENT OIL DROPPED BELOW 84 DOLLARS
Following the news of the agreement, Brent oil lost more than 4% of its value, falling to the 83.6-84 dollar band. US crude oil (WTI) dropped to the 80-81 dollar levels. Thus, oil prices fell to their lowest levels since March. Experts state that if the agreement becomes permanent, the decline in oil prices may continue.
EXPERTS ANNOUNCED THE NEW TARGET
Market analysts state that if oil flow from the Strait of Hormuz normalizes again, global supply pressure will decrease. Some institutions predict that Brent oil could fall to the 80 dollar level later in the year.
NEW RECORDS ON THE AGENDA FOR GOLD
Despite the decline in oil prices, a rise in gold attracted attention. As investors' demand for safe havens increased following geopolitical developments in global markets, the price of gold per ounce rose above the 4,300 dollar level. In Turkey, the gram gold price approached the 6,400 lira limit.
Analysts state that the impact of the agreement on markets will become clearer in the coming days, and they note that investors are particularly focused on the official signing ceremony on June 19 and the subsequent announcements.
EYES ON JUNE 19
It has been announced that the parties reached an agreement at the end of the process conducted under the mediation of Pakistan, and the official signatures are expected to be made on June 19. US President Donald Trump described the agreement as "a great deal," while the Iranian side stated that this is the beginning of more comprehensive negotiations.