Home Business Oil Prices Extend Decline After Trump Calls Off Planned Strikes on Iran

Oil Prices Extend Decline After Trump Calls Off Planned Strikes on Iran

Oil prices continued to fall after U.S. President Donald Trump canceled planned military strikes on Iran, easing market concerns over a wider conflict in the Middle East. The move reduced fears of potential disruptions to global oil supplies, prompting Brent and WTI crude prices to extend losses. Despite the decline, traders remain cautious as tensions surrounding Iran and the Strait of Hormuz continue to pose risks to energy markets.

Written By: TDG Syndication
Last Updated: June 12, 2026 12:40:49 IST

By Sudarshan Varadhan and Emily Chow SINGAPORE, June 12 (Reuters) – Oil prices fell more than 2% on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Oil Prices Extend Decline After Trump Calls Off Planned Strikes on Iran

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