strikeJun 12, 2026

Oil extends losses as Trump calls off planned strikes on Iran

Summary

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

Source: SECTIONS Oil extends losses as Trump calls off planned strikes — Read the full report

Actors involved

Iran

Sources

SECTIONS Oil extends losses as Trump calls off planned strikesBy SECTIONS Oil extends losses as Trump calls off planned strikes
Brent futures fell $1.21 or 1.3% to $89.17 a barrel at 0042 GMT, while U.S. West Texas Intermediate (WTI) crude was $1.23, or 1.4%, lower at $86.48. On a weekly basis, Brent was 4.2% lower, while WTI was down 4.4%. Trump, who had threatened to hit Iran "very hard," called off pla…

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