{"id":115328,"date":"2026-06-12T09:25:11","date_gmt":"2026-06-12T03:55:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=115328"},"modified":"2026-06-12T09:25:13","modified_gmt":"2026-06-12T03:55:13","slug":"brent-crude-oil-price-below-90-trump-iran-deal","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/brent-crude-oil-price-below-90-trump-iran-deal\/","title":{"rendered":"Brent Crude Oil Falls Below $90 Per Barrel After Trump Says US-Iran Deal Could Be Signed This Weekend \u2014 What It Means for India"},"content":{"rendered":"
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Brent crude: settled $90.38 (-2.97%) June 11; fell to $89.15 (-4.2%) in extended trading after Trump’s Oval Office comments. WTI: settled $87.71, extended $86.51 (-3.9%). Trump (June 11): ‘Made a great settlement with Iran, subject to finalization of documents.’ Deal could be signed this weekend. Brent peaked at $140+ in April 2026 (Strait closure).<\/em><\/p>\n

Oil prices fell below the critical $90 per barrel threshold on Thursday, June 11, and extended its decline in Asian trading on June 12, 2026, after US President Donald Trump told reporters in the Oval Office that the United States and Iran had reached “a great settlement of the war” that is “subject to finalization of documents.” Trump indicated the deal could be signed as early as this weekend. Brent crude<\/strong> had settled at $90.38 (down 2.97%) in the US session and fell further to approximately $89.15 (down 4.2%) in extended trading, while US WTI crude dropped 3.9% to $86.51. This represents a dramatic reversal from the year’s highs: Crude had surged to over $140 per barrel in April 2026 following the closure of the Strait of Hormuz at the height of the US-Iran conflict, the most severe disruption to global oil supply in decades. The fall is now approaching 37% from that peak.<\/p>\n

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