42 ships transit Hormuz after US-Iran deal signed

Iran-US Peace Deal Eases Oil Supply; Tankers Increase Hormuz Transit

Iran and the US have reached a peace agreement, allowing Iran to sell oil openly on global markets and increasing tanker traffic through the Strait of Hormuz. This reduces geopolitical risk premium in crude, stabilizing oil prices. Commodity-linked currencies—particularly CAD, NOK, and RUB—may weaken as oil supply risk declines, while USD strengthens on risk-off sentiment.

https://www.bloomberg.com/news/videos/2026-06-23/oil-steadies-while-tankers-enter-hormuz-after-peace-deal-video

US Iran war costs hit $80B, double congressional estimate

The Trump administration is requesting approximately $80 billion in supplemental funding to replenish munitions depleted during Iran operations—more than double initial congressional projections. This massive fiscal commitment signals sustained geopolitical tension and increased US defense spending, which typically strengthens USD as investors seek safety and anticipate higher Treasury issuance to fund the deficit.

https://www.foxnews.com/politics/iran-wars-price-tag-hits-80b-more-than-double-what-congress-told

US-Iran backed ceasefire halts Israeli bombardment of Lebanon

A ceasefire agreement backed by the US and Iran has halted months of Israeli bombardment in southern Lebanon, prompting displaced Lebanese to return home. This major geopolitical de-escalation reduces Middle East tension and risk premiums. USD/ILS, EUR/USD, and commodity pairs (crude oil) are affected as safe-haven demand eases and regional stability improves.

https://www.aljazeera.com/video/newsfeed/2026/6/23/displaced-lebanese-return-south-under-fragile-ceasefire-deal?traffic_source=rss