Oil prices fall after Iran, Israel halt attacks

Oil ​prices fell on Tuesday, June 9, 2026, after Iran ‌and Israel said they had halted attacks on each other following an appeal from United States President Donald Trump.

Brent crude futures were down $1.14, or 1.2%, at $93.11 a barrel at ​0630 GMT, while U.S. West Texas Intermediate declined $1.3, or 1.4%, at $90.00 a barrel.

Prices climbed as ​much as 5% in the previous session after renewed Israeli strikes on ⁠Iran and attacks in Lebanon reduced hopes of an imminent end to the wider war, but ​pared gains after Iran’s armed forces announced the end of military operations against Israel.

“While there is some ​relief from the latest pause in direct strikes, investors are not convinced the truce will hold,” a chief market analyst at KCM Trade, Tim Waterer, said.

Iran and Israel said they had halted attacks on each other after an appeal ​from Trump that they immediately “stop shooting”, though Tehran said it would resume strikes if Israel ​continued to hit Hezbollah in Lebanon.

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Israeli Prime Minister Benjamin Netanyahu said in a video statement carried by Israeli television that Israel would respond with force if Iran attacked again.

Trump told Axios in an interview published on Monday that he warned Netanyahu that he might find ​himself fighting alone if ​he went back to ⁠war with Iran.

One of the key issues Washington is pressing Tehran for ​in peace ⁠talks is the reopening of the Strait of Hormuz, through which about a fifth of the world’s supply of oil passed before the U.S. and Israel launched airstrikes on Iran at the end ⁠of February.