Oil prices experienced an immediate decline in early Asian trade on Monday, June 15, 2026, following Pakistan’s announcement of a peace agreement between the United States and Iran. Pakistan acted as a mediator in the negotiations that led to the end of the conflict between the two nations. The specifics of the agreement have not yet been fully disclosed, but the announcement triggered a swift reaction in global oil markets. Analysts suggest the anticipated increase in oil supply following the resolution of tensions contributed to the price drop. The decline was observed at the opening of trading, indicating investor anticipation of the deal’s impact. Further details regarding the agreement's terms and implementation are expected to emerge in the coming days.