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Oil prices today: Why crude fell after Trump called off Iran strikes

MarketsExplainer

Oil prices today: Why crude fell after Trump called off Iran strikes

Crude prices fell after President Trump called off threatened strikes on Iran, easing the immediate supply-risk premium. Traders are still watching whether a U.S.-Iran deal materializes and whether oil flows through the Strait of Hormuz normalize.

By Jonathan Brooks·Jun 13, 2026