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geopoliticsbearishWTIPublished Jun 12, 2026, 2:00 PM

Trump Signals US-Iran Deal Close, Oil Extends Losses

Trump Signals US-Iran Deal Close, Oil Extends Losses
President Trump indicated a peace deal with Iran is imminent after calling off planned strikes, leading to reduced tensions over the Strait of Hormuz blockade. Oil prices slipped further as shipping traffic showed signs of improvement.

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