Oil Prices Fell Fast on Peace Deal News. Actual Shipments? Still Weeks Away.

A U.S.-Iran peace deal on June 14 sent crude oil prices down 4% in hours—despite no new oil actually flowing. Shipping operators didn't signal they'd resume moving tankers through the Strait of Hormuz, a critical chokepoint, until weeks later, citing safety concerns. Markets bet on the deal before the real work began. What captains do matters more than what diplomats announce.