Falling Oil Prices Lift Fed Rate-Cut Odds After Iran Deal
On June 16, analysts highlighted how lower crude prices following the U.S.-Iran peace agreement are improving prospects for Federal Reserve rate cuts by easing inflation pressures. The development builds on June 15’s sharp selloff, with Brent dropping 4.87% to $83.08/bbl and WTI falling 5.4% to $80.30/bbl as the Strait of Hormuz reopening reduced supply risks. JPMorgan had previously flagged oil above $90-$120 as a threat to equities, but now views the reversal as a broad market tailwind, though Wall Street closed mixed with tech shares under renewed pressure.