ReportedShipping, energy & marketsLondon, United Kingdom
Oil falls about 4 percent to a seven-week low after Trump says an Iran deal is close
- Mountain Time
- Local time
- 3:28 PM in London
- Where
- London, United Kingdom
Brent crude fell $3.40, or 3.6 percent, to $90.85 a barrel at 14:28 GMT and U.S. WTI fell 4.1 percent to $87.59, putting Brent on course for its lowest close since April 17, after Trump said a deal with Iran was in its 'final throes'. AFP reported later in the day that oil had fallen below $90 a barrel.
Why it matters
The drop came hours before the Apache dispute and U.S. strikes on Iran, and Brent was back above $92 in Asian trading the next morning.
Sources (6)
- Al Jazeera livealjazeera.comPublished
- CBS News livecbsnews.comPublished
- Times of Israel / AFP livetimesofisrael.comPublished
- Financial Timesft.comPublished
- Al Jazeera live blogaljazeera.comPublished
- The Guardian live blogtheguardian.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels
Correction
- Corrected the time from 16:00 GMT, Jun 9, 2026 to 3:28 PM London time, Jun 9, 2026; corrected the headline (it read "Oil falls about 4 percent toward seven-week low"); revised the summary; revised the context note; corrected the location from Global oil and U.S. equity markets to London, United Kingdom; reclassified it from market to energy-markets; updated the sourcing note; merged 2 duplicate entries into this one ("Oil falls on Iran-deal hopes while Hormuz risk remains", "Oil falls below $90 on renewed U.S.-Iran deal hopes"); added 2 sources: Al Jazeera live blog, The Guardian live blog; removed Investing.com as a source (an aggregator copy of a wire story); removed Trading Economics Brent as a source (a live price page, not a report); removed Trading Economics as a source (a live price page, not a report). Why and evidence