News · 12 June 2026

Trump cancels Iran strikes, says peace deal close

Oil prices fell and hopes rose that fighting and shipping disruption in the Gulf may ease if talks succeed. Speaking on Thursday, Donald Trump said an agreement with Iran was close, while Tehran's foreign ministry spokesperson Esmail Baghaei said reports of an agreement were speculative and not completed. Brent crude ended the day 4.4% lower at about $89 a barrel after the remarks.

By BriefTea Editorial · 12 June 2026 at 4:44

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