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Oil futures fall 5%, risk premium unwinds
The Free Press Journal - Bhopal
|June 16, 2026
Easing West Asia tensions boost supply expectations, driving sharp energy market correction amid calmer routes
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Crude oil futures witnessed a sharp decline on Monday, falling more than 5% to their lowest level in over three months as expectations of improved global oil supplies triggered heavy selling across energy markets.
Traders reacted to reports that the United States and Iran had reached a preliminary understanding aimed at reducing tensions and restoring normal shipping activity in the Strait of Hormuz, a key route for global crude transportation.
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