3 min readJun 19, 2026 09:49 AM IST
First published on: Jun 19, 2026 at 07:52 AM IST
After signing the interim deal with Iran, US President Trump has called for a ceasefire on all fronts, including Lebanon, Hezbollah, and Israel. He called for all countries in the Middle East region to remain committed to allow the negotiations unfold.
Pointing out the dropping oil prices, Trump said that the global markets are “loving what is happening”.
Ending conflict on all fronts, including in Lebanon, is part of the 14-point MoU signed between the US and Iran. Despite the fact, Israel continued its military operations on Thursday on Iran-backed Hezbollah in Lebanon, says the Associated Press.
Brent crude oil prices fell by 1% a day after interim deal
Following the announcement of the interim deal between the US and Iran, fuel prices eased and stock markets rose, although analysts say future gains will depend on the outcome of the next round of US-Iran talks.
On June 19, Japanese and South Korean shares rose to record highs as easing tensions in the Middle East and the reopening of the Strait of Hormuz pushed oil prices lower. Brent crude fell 1% to $79.03 a barrel on Friday and was down 9.5% for the week.
The US dollar remained near a 13-month high after the Federal Reserve signalled that interest rates could rise again this year. The stronger dollar weakened the Japanese yen to its lowest level in two years.
Oil tankers resumed passing through the Strait of Hormuz after the US lifted its blockade on Iran under an interim peace deal, reports the Associated Press.
US President Donald Trump signed an initial agreement with Iran on Wednesday during a dinner with French President Emmanuel Macron at the Palace of Versailles. The deal takes effect immediately, extends the ceasefire and gives both sides 60 days to negotiate a broader agreement.
Speaking to media in Evian-les-Bains, Trump said he approved the deal to prevent an ‘economic catastrophe’ in the US as the conflict had pushed up oil prices, unsettled financial markets and increased inflation, says Reuters.
Earlier in March 2026, about two weeks into the war with Iran, US President Donald Trump had said that the US benefits from an unstable oil market as they are the largest oil producers in the world. He posted on Truth Social: When oil prices go up, the US makes a lot of money.
Trump had previously argued that high fuel prices helped him defeat former president Joe Biden, though later he said he is unconcerned about the current price surge affecting voters or pressuring him to end the conflict early.
US President Donald Trump said he expects a ceasefire on all fronts in West Asia following the interim agreement with Iran. (Image via TruthSocial: @realDonaldTrump) 
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