# National Grid

Type: Company (NG.L)

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/national-grid
Canonical HTML page: https://getsupplybrief.com/entity/national-grid

## Timeline

- **2026-06-19**: Formal signing ceremony — A formal signing ceremony scheduled in Switzerland finalizes the interim accord.
- **2026-06-18**: Deal takes effect, oil drops — Announcement triggers Brent to fall to $77.9; Strait of Hormuz reopening and naval blockade lift begin immediately.
- **2026-06-17**: Interim deal signed — Trump signs the agreement during a dinner at the Palace of Versailles, hosted by French President Macron, after the G7 summit.
- **2026-06-14**: Trump heralds deal — President Trump, celebrating his 80th birthday, reveals the outline of the peace agreement.
- **2026-04**: April ceasefire — A temporary ceasefire is announced, later extended by the June peace deal.
- **2026-02-28**: Conflict starts — The US-Israel war on Iran commences, leading to the effective blockade of the Strait of Hormuz.
- **2026-02-27**: Pre‑war oil baseline — Brent crude stood at just under $73 a barrel, the day before the US-Israel war on Iran began.

## Recent coverage (1 stories)

### Brent Drops 35% from Peak as Strait Reopens — Supply Chains Breathe Relief
2026-06-28 17:25:02 · Sentiment: Neutral · Impact: 7/10 · Sources: 3

The US‑Iran interim deal lifts the naval blockade of the Strait of Hormuz immediately, reversing the oil price surge from $120 to $77.9. Logistics managers and freight buyers now contend with rapidly easing fuel surcharges, but a 60‑day horizon keeps contingency plans active.
Full story: https://getsupplybrief.com/story/strait-of-hormuz-reopen-supply-chain-relief

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