WTI Falls 3% Toward $85 as Trump Says Iran Deal Could Come This Weekend
Updated
Updated · Bloomberg · Jun 11
WTI Falls 3% Toward $85 as Trump Says Iran Deal Could Come This Weekend
3 articles · Updated · Bloomberg · Jun 11
Summary
WTI slid nearly 3% at the open toward $85 a barrel after already settling 2.6% lower on Thursday, extending a sharp pullback in oil.
Trump drove the move by saying a peace deal with Iran could be signed as soon as this weekend, signaling a possible easing of war risks after two days of US strikes.
Brent settled near $90 even as Trump mixed threats and diplomacy—vowing he could hit Iran again and seize its oil infrastructure before saying attacks were off and a deal was close.
Tehran still has not confirmed any agreement, leaving traders to weigh Trump's repeated deal claims against the risk that military pressure could flare up again.