15/06/2026 22:30 - Economia
Gráfico financiero profesional mostrando caída del precio del petróleo con flechas rojas descendentes y línea verde ascendente representando la recuperación bursátil. Estilo corporativo con tonos azules y elementos de barriles de crudo.
US President Donald Trump confirmed on Sunday, June 14, 2026 an initial agreement with Iran that marks the end of the military conflict in the Middle East and ordered the end of the naval blockade on Iranian ports. The pact includes the immediate reopening of the Strait of Hormuz, a critical artery through which approximately 20% of the world's oil flows.
Iran confirmed the agreement, clarifying that effective implementation will begin after the official signing scheduled for Friday, June 19 in Geneva, Switzerland. Pakistan served as the principal mediator alongside Qatar, Saudi Arabia, and Turkey.
According to El Día, the conflict that began on February 28, 2026 left more than 3,700 dead in the region.
Markets reacted immediately with a sharp downward correction in crude prices, which had skyrocketed during more than three months of conflict:
| Crude Type | Current Price (USD/barrel) | Change |
|---|---|---|
| Brent Crude (international benchmark) | USD 83.64 | -USD 3.61 (-4.1%) |
| WTI (US benchmark) | USD 80.61 | -USD 4.27 (-5.6%) |
Source: El Día, based on international market data as of 06/15/2026.
It is a strategic maritime passage located between Iran and Oman that connects the Persian Gulf with the Gulf of Oman and the Indian Ocean. Approximately one-fifth of the world's consumed oil flows through this strait, making it a critical control point for global energy. Its closure during the conflict triggered an unprecedented energy crisis.
Argentina's country risk measured by JP Morgan continued its downward trend and settled at 425 basis points, marking a new low in the Milei era and the lowest level since May 2018, more than eight years ago.
This improvement adds to the recent decision by Standard & Poor's to raise Argentina's debt rating from CCC+ to B-, which unlocks access to greater international institutional capital.
Country risk is an indicator measured by JP Morgan that reflects the probability that a country will default on its sovereign debt payments. It is expressed in basis points: the higher the number, the greater the perceived risk by investors. Argentina's country risk reaching 425 points indicates growing international confidence in the country's economic management under President Javier Milei, a libertarian economist who took office in December 2023.
Optimism spread across global markets:
The agreement contemplates a 60-day period of broader negotiations on issues such as Iran's nuclear program. Energy experts warn that shipping companies and insurers will need to ensure the pact remains stable.
"The reopening of Hormuz is a relief valve, not a full peace dividend. The market can remove some of the oil panic, but still has to value the gap between a headline, a signature, and a regime that actually complies."
It could take months for oil prices to fully stabilize after the disruptions that sent fuel costs and multiple products soaring during the conflict.
June 14, 2026
Announcement of agreement and end of US naval blockade
June 19, 2026
Official signing of agreement in Geneva, Switzerland
Next 60 Days
Negotiations on nuclear program and definitive terms
Javier Milei is an Argentine economist and politician who became President of Argentina in December 2023. Known for his libertarian views and radical economic proposals, Milei has implemented severe austerity measures to control inflation and reduce fiscal deficit. The country risk dropping to 425 points represents a significant achievement for his administration, reflecting international confidence in his economic policies despite domestic criticism.
Sources: El Día, international market data, JP Morgan.
Alfredo S. Quiroga
