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Source: Bloomberg Markets

Oil Prices Decline as Trump Claims Imminent Iran Deal, Tehran Unconfirmed

Oil prices experienced a decline following President Donald Trump's assertion that a deal with Iran was "close." Trump also reportedly withdrew previous threats of increased military strikes against the Islamic Republic. However, Iran has not yet confirmed the existence or details of any such agreement. Aniseh Bassiri Tabrizi, an Associate Fellow for MENA at Chatham House, discussed the prospects of a deal announcement soon.

By Fainaron·Jun 12, 2026 (a day ago)·1 views
Oil Prices Decline as Trump Claims Imminent Iran Deal, Tehran Unconfirmed

Oil prices saw a decline after President Donald Trump stated that a deal with Iran was close to being finalized. This announcement coincided with Trump reportedly pulling back on earlier threats of additional military strikes against the Islamic Republic.

Despite President Trump's insistence, Iran has not confirmed that an agreement has been reached. Details surrounding any potential deal remain unverified by Iranian authorities.

Aniseh Bassiri Tabrizi, an Associate Fellow for MENA at Chatham House, discussed the likelihood of an imminent deal announcement during an interview on Bloomberg’s Horizons Middle East and Africa program, speaking with Abeer Abu Omar.

(Source: Bloomberg Markets)

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#oil prices#iran#donald trump#middle east#international relations#market reaction#chatham house
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Bloomberg Markets. Read the original at Bloomberg Markets →

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