Canadian Energy Stocks Slide as Peace Deal Sends Oil Prices Lower -- Market Talk

Dow Jones

06/15

1052 ET - Canada's energy stocks are among the biggest decliners on the TSX after the U.S. and Iran have reached a peace deal, a development which is pushing oil prices lower. While details of the deal haven't been released yet, it could include the reopening of the Strait of Hormuz, the vital passageway where a big portion of the world's crude oil supply passes through. Brent crude prices fell to just over $80 a barrel, its lowest level since March, shortly after the war began. Among the biggest decliners were Baytex Energy, Vermilion Energy, Methanex and Cenovus, all down about 6%, 5.9% and 5.2%, respectively. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 10:52 ET (14:52 GMT)

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