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Oil prices fall as Trump tries to convince market an Iran deal is close despite recent violence

CNBC · Jun 9, 2026, 12:53 PM · Also reported by 1 other source

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  • Oil prices fell Tuesday as President Donald Trump sought to convince the market that a deal with Tehran was days away, despite the barrage of strikes between Israel and Iran this week.
  • U.S. crude oil futures were down about 2% to $89.40 by 8:05 a.m.

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Oil prices fell Tuesday as President Donald Trump sought to convince the market that a deal with Tehran was days away, despite the barrage of strikes between Israel and Iran this week.

U.S. crude oil futures were down about 2% to $89.40 by 8:05 a.m. ET. Brent futures, the international benchmark, lost 1.7% to $92.65 per barrel.

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