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Oil prices

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Former Energy Secretary Discusses Oil Price Outlook Amid Hormuz Reopening Deal

Jun 16, 2026

Fox Business segment features host Larry Kudlow interviewing former Energy Secretary Dan Brouillette on falling oil prices tied to partial reopening of the Strait of Hormuz and an imminent US-Iran ceasefire deal. They discuss Brent crude near $79, ships sneaking through, demand reductions, Saudi pipelines, and the potential for further sharp declines with full enforcement. Brouillette addresses why Chevron CEO Mike Wirth appears pessimistic, citing low storage, infrastructure damage, and lingering risk premiums, while agreeing US output can rise to 14-15 million barrels per day with pipeline and refining expansions.

▶ Source: Fox Business

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Oil Falls Below $80 Amid US-Iran Deal, Hormuz Reopening

Jun 16, 2026

Bloomberg segment discusses WTI crude falling below $80 for the first time in over three months, driven by optimism over a US-Iran ceasefire deal and potential full reopening of the Strait of Hormuz by Friday. Analysts cover implications for supply, prices, and related markets including natural gas and gasoline. The discussion features market commentator Mike and host Kaylee, referencing pre-war prices from late February, current gas at $4.04/gallon, low SPR levels, US net exporter status, and China's large inventories. It includes forward-looking views on prices heading lower through year-end and driving season.

▶ Source: Bloomberg Television

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Oil Outlook After US-Iran Deal: Recovery Timeline and SPR Refill

Jun 16, 2026

The segment features energy expert Andy Lipow discussing oil market recovery following a US-Iran deal to reopen the Strait of Hormuz. It covers mine clearance, shipping backlogs, stored oil releases from Gulf producers, and timelines for supply normalization. The discussion also addresses the depleted US SPR at historic lows, planned refills via exchange agreements, tanker demand, and long-term gasoline price recovery.

▶ Source: Fox Business