SignificantEconomymarketwatch·MarketWatch

The Iran oil shock taught traders these key lessons about demand and China

Global oil prices touched their lowest level since the U.S.-Israeli war with Iran began, a drop of more than 30% from their May peak. This price decline averted a predicted major crude supply shortage.

Impact Score

7/10

Thursday, June 18, 2026 at 03:38 PM EDT

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