Shares of energy companies slid after President Trump called off planned strikes on Iran, an indication that a long-awaited peace deal may be at hand.
Trump said he had cancelled planned strikes on Iran after Tehran's leadership and other parties negotiating a deal to end the conflict approved "discussions and final points." Trump unveiled his volte-face on social media platform X, hours after threatening to strike Iran "VERY HARD." Oil futures fell 2.6% to $87.71 a barrel in New York.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 11, 2026 17:24 ET (21:24 GMT)
