U.S. and Iran agree on deal to reopen Strait of Hormuz, oil prices fall

We have an Iran deal. We think. Since President Trump and Iran announced the arrangement on Sunday afternoon, its details have had a Heisenbergian quality — not even Israeli leaders seem to be sure what they are. From an energy markets standpoint, Trump told The New York Times on Sunday that the…

First covered Jun 15, 2026 · 2:26 PM PT · 2 articles · no longer in the live window

Coverage

11d Heatmap News What I Learned From the Past 107 Days — We have an Iran deal. We think. Since President Trump and Iran announced the arrangement on Sunday afternoon, its details have had a Heisenbergian quality —…

11d Heatmap News It’ll Be a Long Time Before the Strait of Hormuz Returns to Normal — The United States and Iran have agreed on a process that could result in the end of their armed conflict and the reopening of the Strait of Hormuz. Both…

Appeared in: 2026-06-16 (#14)

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