Energy companies slide as US, Iran reach deal to reopen Strait of Hormuz

PBF Energy

15/06/2026 15:26

Updates
** S&P 500 energy index .SPNY falls ~4% as oil prices ease, lowest since April 17 O/R
** Brent crude futures LCOc1 fall 5.2% to $82.76/barrel and U.S. West Texas Intermediate CLc1 down 5.6% at $80.13/barrel

    ** Oil prices 
    fall
     to a three-month low on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and resume shipping through the Strait of Hormuz
  
** Oil majors Exxon Mobil XOM.N and Chevron CVX.N down 5% and 4%, respectively
** Valero Energy VLO.N, APA Corp APA.O, ConocoPhillips COP.N, and Marathon Petroleum MPC.N down between 4.8% and 6.5%, amongst the biggest percentage losers on the energy index
** Oilfield services firms Halliburton HAL.N and SLB SLB.N down 3.5% and ~3%% respectively

    ** Refiners Phillips 66 PSX.N falls 4.2%; PBF Energy PBF.N inches down 6%% 


 (Reporting by Rashika Singh and Dharna Bafna in Bengaluru)
 ((Rashika.Singh@thomsonreuters.com;))