Why did Gevo and Centrus Energy shares plummet after the U.S. Treasury issued a 60-day general license for Iranian crude oil production and sale?

Gevo and Centrus Energy shares plummeted because the U.S. Treasury's issuance of a 60-day general license for Iranian crude oil production and sale extended a de-escalation trade following an interim peace framework between Washington and Tehran, causing energy markets to price out a war premium that had been established after previous U.S. and Israeli strikes on Iran.

What are the key uncertainties remaining despite the diplomatic progress between the U.S. and Iran, as noted in the news?

Despite diplomatic progress, uncertainties remain including Iran's re-announcement of the closure of the Strait of Hormuz and warnings from the IEA about potential oversupply in 2027.

Gevo and Centrus Energy Shares Plummet Following U.S. Treasury Iran Oil License

Jun 22, 2026

Shares of Gevo and Centrus Energy dropped following the U.S. Treasury's issuance of a general license for Iranian crude oil. This decision removed war premiums from energy markets despite lingering supply uncertainties.

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