Finance

Oil prices extend declines on possible U.S.-Iran peace deal to reopen Strait of Hormuz

West Texas Intermediate and Brent crude fell further on Friday on reports that a potential deal would lift oil sanctions on Iran.

Capital Daily Newsroom

Editorial Desk

2026-06-12 · 2 min read

Oil prices extend declines on possible U.S.-Iran peace deal to reopen Strait of Hormuz

Published June 12, 2026 · Category: Finance

Overview

West Texas Intermediate and Brent crude fell further on Friday on reports that a potential deal would lift oil sanctions on Iran.

Source

Originally published at www.marketwatch.com.

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