Brent at $77 as US‑Iran Deal Lifts Naval Blockade: Defense Sector Implications
The interim peace deal between Washington and Tehran, signed June 17 and mediated by Pakistan, immediately reopens the Strait of Hormuz for 60 days, sending Brent crude down 2% to $77.9. For defense planners, the naval blockade lift reshapes maritime security calculus while latent risks persist.