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Oil falls below $90 a barrel on hopes of Iran deal

World News

09-06-2026 | 12:31

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Oil falls below $90 a barrel on hopes of Iran deal

Oil prices fell around 5 percent to below $90 a barrel on Tuesday after U.S. President Donald Trump again said an Iran peace deal could be close.

The international benchmark Brent crude fell below $90 for the first time since April 14, while its U.S. counterpart, West Texas Intermediate crude fell to around $86 a barrel.

The relief came just a day after crude surged as Iran and Israel briefly resumed strikes amid a fragile ceasefire in the Middle East war.

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