US-IranMěi-Yī美伊peace agreement / reconciliation agreementhéjiě xiéyì和解协议to take effectshēngxiào生效，global / worldwidequánqiú全球oil priceyóujià油价to continue / continuouslychíxù持续to fall / to dropxiàdiē下跌。
US-Iran
Měi-Yī
美伊
peace agreement / reconciliation agreement
héjiě xiéyì
和解协议
to take effect
shēngxiào
生效
global / worldwide
quánqiú
全球
oil price
yóujià
油价
to continue / continuously
chíxù
持续
to fall / to drop
xiàdiē
下跌
as / along with
suízhe
随着
US-Iran
Měi-Yī
美伊
ceasefire agreement
tínghuǒ xiéyì
停火协议
to take effect
shēngxiào
生效
Strait of Hormuz
Huò'ěr mùzī Hǎixiá
霍尔木兹海峡
again / anew
chóngxīn
重新
to open
kāifàng
开放
international
guójì
国际
oil price
yóujià
油价
further / one step further
jìn yī bù
进一步
to fall / to drop
zǒu dī
走低
currently / at present
mùqián
目前
per barrel
měi tǒng
每桶
approximately
yuē
约
$77 USD
qīshíqī měiyuán
77美元
analysts
fēnxī rénshì
分析人士
to point out / to indicate
zhǐchū
指出
oil price
yóujià
油价
to recover / to return
huīfù
恢复
to
dào
到
pre-war
zhànqián
战前
level
shuǐpíng
水平
possibly / may
kěnéng
可能
still requires
réng xū
仍需
several months
shù yuè
数月
time
shíjiān
时间
July 4, 2026 at 12:00 PM
as / along with
suízhe
随着
US-Iran
Měi-Yī
美伊
ceasefire agreement
tínghuǒ xiéyì
停火协议
officially / formally
zhèngshì
正式
to take effect
shēngxiào
生效
global / worldwide
quánqiú
全球
oil price
yóujià
油价
recently / in recent days
jìnqī
近期
to continue / continuously
chíxù
持续
to fall / to drop
xiàdiē
下跌
according to / based on
gēnjù
根据
agreement
xiéyì
协议
Iran
Yīráng
伊朗
already
yǐ
已
again / anew
chóngxīn
重新
to open
kāifàng
开放
Strait of Hormuz
Huò'ěr mùzī Hǎixiá
霍尔木兹海峡
United States
Měiguó
美国
also
yě
也
to lift / to remove
jiěchú
解除
completed-action particle
le
了
on
duì
对
Iran
Yīráng
伊朗
port
gǎngkǒu
港口
structural particle
de
的
naval blockade
hǎishàng fēngsuǒ
海上封锁
international
guójì
国际
crude oil
yuányóu
原油
benchmark price
jīzhǔn jiàgé
基准价格
currently / at present
mùqián
目前
is approximately
yuē wéi
约为
per barrel
měi tǒng
每桶
$77 USD
qīshíqī měiyuán
77美元
only / merely
jǐn
仅
compared to
bǐ
比
pre-war
zhànqián
战前
higher by
gāo chū
高出
approximately
yuē
约
7 percent
bǎi fēn zhī qī
7%
however / nevertheless
rán'ér
然而
analysts
fēnxī rénshì
分析人士
to warn
jǐnggào
警告
stating / saying
chēng
称
due to / because of
yóuyú
由于
supply chain
gōngyìng liàn
供应链
tight / strained
jǐnzhāng
紧张
oil price
yóujià
油价
to return to
huí dào
回到
pre-war
zhànqián
战前
level
shuǐpíng
水平
still requires
réng xū
仍需
several months
shù yuè
数月
time
shíjiān
时间
port
gǎngkǒu
港口
congestion / bottleneck
yōngdǔ
拥堵
summer
xiàjì
夏季
demand
xūqiú
需求
strong / robust
wàngshèng
旺盛
as well as
yǐjí
以及
producer
shēngchǎn shāng
生产商
structural particle
de
的
wait-and-see attitude
guānwàng tàidù
观望态度
all are
dōu zài
都在
to hinder / to obstruct
zǔài
阻碍
supply
gōngyìng
供应
rapid / fast
kuàisù
快速
to recover / to restore
huīfù
恢复
oil price
yóujià
油价
to fall / to drop
xiàdiē
下跌
already
yǐ
已
to push / to drive
tuīdòng
推动
stock market
gǔshì
股市
to rise / to go up
shàngzhǎng
上涨
market
shìchǎng
市场
to expect / expectation
yùqī
预期
the US Federal Reserve
Měi lián chǔ
美联储
will
jiāng
将
to maintain
wéichí
维持
current / existing
xiànxíng
现行
interest rate
lìlǜ
利率
unchanged
bù biàn
不变
News in English
BusinessOil prices continue to fall as US-Iran peace framework takes effect
Oil prices fell further as the US-Iran ceasefire agreement took effect and the Strait of Hormuz reopened, with international prices around $77 per barrel. Analysts say it may still take months for prices to return to pre-war levels.
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