Donald Trump declares war on Iran over; crude oil prices fall in global markets

By: 600011 On: Jun 12, 2026, 12:18 PM

 

 

Crude oil prices fell in global markets after US President Donald Trump declared war on Iran over. Oil prices fell below $90 a barrel on Friday morning.

Trump announced the end of the war on Iran while speaking at a rally in Georgia. Trump had said that the deal with Iran would come into effect this weekend and that the deal would be signed in Europe.