{"id":614999,"date":"2026-06-16T16:32:37","date_gmt":"2026-06-16T16:32:37","guid":{"rendered":"https:\/\/news.bitcoin.com\/?p=823587"},"modified":"2026-06-16T16:32:37","modified_gmt":"2026-06-16T16:32:37","slug":"us-iran-mou-pushes-brent-below-80-as-traders-price-in-strait-of-hormuz-reopening","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/16\/us-iran-mou-pushes-brent-below-80-as-traders-price-in-strait-of-hormuz-reopening\/","title":{"rendered":"US-Iran MoU Pushes Brent Below $80 as Traders Price In Strait of Hormuz Reopening"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/brent-crude-below-80-per-barrel-_nwmk-postfix-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Oil prices plunge US-Iran MoU\" style=\"float:left;margin:0 15px 15px 0\" \/>Global oil prices hit a two-month low on June 16, with Brent crude briefly dropping below $80 a barrel and WTI crude falling 4% to $77.43, driven by enthusiasm over a U.S.-Iran memorandum of understanding (MoU) to reopen the Strait of Hormuz. Severe Infrastructure Damage Hinders Recovery Oil price declines continued Tuesday, with Brent crude [&#8230;] <a href=\"https:\/\/news.bitcoin.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil prices hit a two-month low on June 16, with Brent crude briefly dropping below $80 a barrel and WTI crude falling 4% to $77.43, driven by enthusiasm over a U.S.-Iran memorandum of understanding (MoU) to reopen the Strait of Hormuz. Severe Infrastructure Damage Hinders Recovery Oil price declines continued Tuesday, with Brent crude [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":615000,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-614999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/614999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=614999"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/614999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/615000"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=614999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=614999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=614999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}