Business

Oil Prices Fall on U.S.-Iran Deal Hopes

Updated 2026-06-12 01:10 UTC 1 source Negative

Oil prices fell after U.S. President Donald Trump announced a framework agreement with Iran, raising hopes that tensions in the Middle East could ease. The deal is seen as potentially reducing geopolitical risks and stabilizing global oil markets.

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CNBC

Oil prices fall on hopes of U.S.-Iran deal despite Tehran pushback

Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease.

2026-06-12 00:53 UTC