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Oil eases after Iran, Israel halt strikes, boosting hopes for deal

Oil eases after Iran, Israel halt strikes, boosting hopes for deal
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Oil eases after Iran, Israel halt strikes, boosting hopes for deal
June 09, 2026 11:30 AM GMT+03:00

Global oil markets reacted positively to news that both Iran and Israel have paused active hostilities, leading Brent crude and WTI benchmarks to decline. Traders remain optimistic that a longer-term truce can be negotiated, reopening crucial logistic channels in the Persian Gulf.

June 09, 2026 03:56 PM GMT+03:00
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