BREAKING | Oil Prices Tumble as Iran-US Peace Deal Hopes Grow; Brent Falls 3.4%, WTI Drops 3.2%

Breaking News

Global oil prices fell sharply after reports of an Iran-US peace agreement. Brent crude dropped 3.4% to $87.30 per barrel, while WTI crude declined 3.2% to $84.88, as traders priced in reduced geopolitical risk and the potential return of Iranian oil supplies to global markets. -news n18oc_world

Last Updated: June 15, 2026, 05:45 IST