Oil prices hit a two-month low as US benchmark WTI crude fell nearly 3%, following Donald Trump's statement about a potential peace agreement with Iran this weekend.
WTI crude hit $85.13 (2-month low) on Trump's potential Iran deal, reviving Strait of Hormuz reopening expectations. Predictable energy costs reduce capital pressure on IT budgets and supply-chain risk for enterprises scaling AI and compute infrastructure.
WTI crude fell nearly 3% at the open
Jun 12, 2026
01:36 pm
What's the storyOil prices have plummeted to a two-month low, following US President Donald Trump's announcement of a potential peace deal with Iran.
The news has sparked hopes of renewed energy flows through the strategically important Strait of Hormuz.
Oil prices drop to 2-month low as Trump says deal with Iran is close
Oil Prices Tumble 4% on Iran Peace Optimism | OilPrice.com
Crude oil futures decline as Trump signals possible deal with Iran
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