Oil prices fall more than 4% on report Iran wants to end hostilities with Israel
- Oil prices fell sharply on June 16, 2025, as reports indicated Iran sought to end hostilities with Israel amid escalating Middle East tensions.
- The decline followed a last week's steep rally fueled by Israeli airstrikes on Iranian military and oil-related sites, raising fears of regional supply disruptions.
- Iran requested Gulf nations to press President Trump for an Israeli ceasefire offer in exchange for flexibility in nuclear talks, while Israeli PM Netanyahu vowed to continue military operations.
- Brent crude fell about 3.65% to near $75.50 a barrel and U.S. West Texas Intermediate dropped 3.71% to approximately $70.27, with the VIX index down 8.93% to 18.96 amid market relief.
- The easing of tensions helped stocks rally, but analysts warned the fluid situation could reverse gains and renew conflict-driven price spikes if hostilities resume.
25 Articles
25 Articles


Oil prices fall US$1 per barrel on reports Iran seeks truce with Israel
NEW YORK: Oil prices slipped US$1 per barrel on Monday (Jun 16) in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of
Oil Turns Lower With Iran-Israel Attacks - Bloomberg Intelligence
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