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President Donald Trump signs the Iran Memorandum of Understanding at the Palace of Versailles in France on June 18, 2026. Flanking Trump are French President Emmanuel Macron (R) and Secretary of State Marco Rubio (L). Dan Scavino/@Scavino47 via X via Reuters/Screenshot via The Epoch Times
WASHINGTON—Oil prices sharply declined shortly after the United States and Iran reached the preliminary ceasefire agreement, which authorized Tehran to resume crude oil sales.
On June 23, President Donald Trump highlighted increased oil transit through the Strait of Hormuz, announcing that 19 million barrels passed through the strategic waterway the day before.
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
