June 17, 2026 10:55 AM
Oil slides on Iran supply prospects as traders wait on Warsh
Tumbling crude prices on news that Iranian fuel may soon hit global markets promised inflation relief and pushed bond yields lower on Wednesday, while stocks and currencies were quieter ahead of Kevin Warsh's debut meeting as Federal Reserve chair. Brent crude futures dived below $80 to the lowest since the opening salvos of the U.S.-Iran conflict in March. A senior U.S. official said the U.S. will waive sanctions on Iranian oil, under the deal to end the war, raising the prospect of mil...