Oil Hits 3-Mth Low After US & Iran Reach Peace Deal | Commodity Champions

Crude oil prices have fallen to a three-month low after the United States and Iran reached an agreement aimed at ending the conflict in West Asia. Markets have reacted positively to US President Donald Trump's announcement that the Strait of Hormuz will fully reopen on June 19, easing concerns over disruptions to global energy supplies.

The decline in geopolitical tensions is also weighing on industrial commodities. Aluminium has dropped to a three-month low, while copper prices have retreated from recent highs. Meanwhile, precious metals remain relatively stable as investors weigh lower geopolitical risks against continued support from central bank purchases and investment demand.

In this exclusive conversation with Manisha Gupta, Ole Hansen, Head of Commodity Strategy at Saxo Bank, shares his outlook on crude oil, industrial metals, gold, and the broader commodities market amid evolving geopolitical and economic dynamics.
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