Brent crude oil price falls below $90 a barrel on hopes of Iran deal

EconomicTimes2026/06/09 16:42

By:EconomicTimes

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Oil prices fell around 5 percent to below $90 a barrel on Tuesday after US President Donald Trump again said an Iran peace deal could be close.

The international benchmark Brent crude fell below $90 for the first time since April 14, while its US counterpart, West Texas Intermediate crude fell to around $86 a barrel.

The relief came just a day after crude surged as Iran and Israel briefly resumed strikes amid a fragile ceasefire in the Middle East war.

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Brent crude oil price falls below $90 a barrel on hopes of Iran deal

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