Oil prices plummet as Trump claims he is close to US-Iran deal

Guardian World•Fri, Jun 12, 2026, 11:07 AM•2 min read

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live – latest updates Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of B...

Source: [Guardian World](https://www.theguardian.com/business/2026/jun/12/global-oil-prices-trump-us-iran-deal-brent-crude-strait-of-hormuz)

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