Oil prices plummet as Trump claims he is close to US-Iran deal | TheBriefWire
Oil prices plummet as Trump claims he is close to US-Iran deal
Published 12 June 2026 ยท world
Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live โ latest updates Global oil prices fell on Friday
Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live โ latest updates Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening. Continue reading...
Published: June 12, 2026 โข 4:37 PM IST ยท Updated: June 12, 2026 โข 5:10 PM ISTBy TheBriefWire Editorial Team
Key points
Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live โ latest updates Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.
The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening.