Oil prices drop below $90 as Trump claims Iran peace deal may be signed within days
The National · 12 Jun 2026

Oil prices drop below $90 as Trump claims Iran peace deal may be signed within days

Oil prices fell on Friday and were on track to post a weekly loss after US President Donald Trump called off strikes on Iran and raised the prospect of the countries reaching a settlement to end the war. Brent, the benchmark for two thirds of the world's oil, was down 2.16 per cent to $88.43 a barre


AI Translated Summary:
Oil prices have fallen below $90 amid speculation of a potential peace deal between the US and Iran. This development could impact global oil markets significantly.


⬅ Back home Read full article ➡