1431 GMT - The U.S.-Iran peace agreement to end the Middle East conflict and reopen the Strait of Hormuz puts downward pressure on oil prices, easing inflation fears, XTB's Kathleen Brooks says in a note. The development comes ahead of the Bank of England interest-rate decision on Thursday, when investors widely expect the BOE rate to remain unchanged at 3.75%. Markets are likely to focus on the vote split and BOE communication for clues on the possible direction of future rate decisions. Investors fully price in one quarter-point BOE interest rate hike in December, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 15, 2026 10:31 ET (14:31 GMT)
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