A War of Words Sends Brent Crude to a Two-Month Low
U.S. crude and Brent futures dropped after Trump said a framework deal was reached, while Iranian officials said no final agreement has been approved.
- On Friday, global oil prices tumbled more than 4% after President Donald Trump announced a framework agreement with Iran, raising hopes the Middle East conflict could be nearing its end.
- The proposed deal requires a 60-day ceasefire extension and the opening of the Strait of Hormuz within 30 days, in exchange for $24 billion in frozen Iranian assets.
- Tehran pushed back on the announcement, with Iranian Foreign Ministry spokesman Esmaeil Baqaei stating Friday that while the text is "largely finalized," the government has not reached a final conclusion.
- Violence continues on multiple fronts, as the Israel Defense Forces issued fresh evacuation orders in Lebanon on Friday, while Lebanese authorities report the fighting has killed at least 3,711 people.
- Israeli Prime Minister Benjamin Netanyahu stated Friday he is in "complete agreement" with Trump that Iran will not have nuclear weapons, positioning nuclear restrictions as central to any settlement.
31 Articles
31 Articles
Trump Declares Iran War Settlement "Agreed," But Tehran Hesitates As Missiles Fly, Oil Prices Plunge - Tampa Free Press
A massive diplomatic breakthrough to end the war between the United States and Iran appeared within reach after President Trump announced a finalized settlement, though Iranian officials quickly cautioned that a definitive agreement has not yet been signed. The sudden potential for peace sent global oil prices tumbling by more than 4% on Friday, even […] Trump Declares Iran War Settlement “Agreed,” But Tehran Hesitates As Missiles Fly, Oil Price…
A War of Words Sends Brent Crude to a Two-Month Low
Oil prices slid to a two-month low as conflicting signals from Washington and Tehran fueled uncertainty over a potential U.S.-Iran deal, keeping traders on edge throughout a volatile week. Friday, June 12, 2026 In a particularly volatile trading week, the allocation of roles between Iran and the United States seemed to have switched constantly. If an impending deal was announced by US President Trump, Tehran would deny it, and reversely if the I…
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