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Oil and gas leaders: Trump Iran ceasefire good news, normalization will take months

Texas oil and natural gas industry leaders say they are cautiously optimistic about President Trump’s announced ceasefire deal with Iran.

Published Jun 16, 2026, 1:13 PM EDT | WFMZZ

Texas oil and natural gas industry leaders described President Trump’s announced ceasefire deal with Iran as good news and expressed cautious optimism for the sector. They also warned that full normalization of relations and broader market stability are likely to take months.