Friday, June 12, 2026

Oil prices fall as Trump calls off Iran strikes

Oil prices fell on Friday, extending losses from the previous session after US President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.

Brent futures rose $1.21 or 1.3% to $89.17 a barrel at 0042 GMT, while US West Texas Intermediate (WTI) crude climbed $1.23, or 1.4%, to $86.48. On a weekly basis, Brent was 4.2% lower, while WTI was down 4.4%.

6 comments :

  1. The Iranian Foreign Ministry announced that it had agreed with the United States on the main points of a potential agreement, despite Washington's "contradictory positions" and "repeated acts of aggression," Press TV reported.

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  2. Explosion was heard in Bandar Abbas, according to Mehr News.

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  3. Explosions heard again in the maritime area off Sirik, Hormozgan Province, cause still unknown, Mehr News reports.

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  4. Un caza F-35 estadounidense emite emergencia mientras sobrevuela cerca de la costa de los EAU — Tasnim

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  5. Los medios iraniés reportan una explosión cerca de las costas de país en el Estrecho de Ormuz, "posiblemente relacionada con la imposición por parte de Irán del cierre del estrecho".

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  6. The United States shot down two Iranian drones that were attempting to attack ships in the Strait of Hormuz, Fox News journalist Jennifer Griffin reported.

    ReplyDelete

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